Sunset Park Two-Family Brick
614 57th Street Brooklyn, NY 11220
For Sale
$2,380,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,090 SF
Lot Size0.05 Acres
Price / SF$770.23
Days on Market190
Property Features for 614 57th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bedroom 7, Bathroom 7, Bathroom 5, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 6
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,090 SF
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1910
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Shihui (Sylvia) Lin · License #SL4633
(646) 407-6668
Added: Jan 15
Changed: Jul 12
Last Checked: Jul 24 at 2:06PM
MLS# 498404
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family brick house is located in Sunset Park, Brooklyn. Constructed in 1910, the building measures 20 x 50 feet and sits on a 20 x 100 foot lot, which is approximately 0.0459 acres. The property underwent a full renovation in 2024. The first floor features three bedrooms and three bathrooms, while the second floor offers four bedrooms and three bathrooms. The property includes a finished basement with a separate entrance. The location provides convenient access to stores and restaurants along 7th and 8th Avenue. Property tax is $8636. Delivered vacant, this property is zoned R6B.
Key Highlights
- 2‑family brick house built in 1910 on a 20 x 100 lot
- Full renovation in 2024
- Building dimensions: 20 x 50
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.2k | $44.40 |
| − Vacancy | −$5.8k | −$1.86 |
| EGI | $131.4k | $42.54 |
| − OpEx | −$39.4k | −$12.76 |
| NOI | $92.0k | $29.77 |
3,090 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $92,004 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,400 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,222 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated two-family house in Sunset Park, delivered vacant.
Where is this duplex located?
The property is located at 614 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: 2‑family brick house built in 1910 on a 20 x 100 lot; Full renovation in 2024; Building dimensions: 20 x 50
