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Six-Family Building in Sunset Park

715 55th Street Brooklyn, NY 11220

Claim this Listing
For Sale
$1,850,000

MULTI_FAMILY - Brooklyn, NY

Property size:
4,719 SF
Lot size:
0.05 Acres
Price / SF:
$392/SF
Added:
Nov 7, 2021
Days on Market:
1709
Last Refresh:
Jul 12 at 4:06 am

Property Features for 715 55th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
12
Bathrooms
7
Rooms
Bedroom 12, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bathroom 7, Bedroom 4, Bedroom 10, Bedroom 11, Bedroom 9, Bedroom 6, Bedroom 3, Bathroom 5, Bedroom 2, Bathroom 6, Bedroom 8, Bedroom 5, Bathroom 4, Bedroom 1
Interior features
A/C Unit - Window, Refrigerator, Stove
Basement
Full, Finished
Standard status
Active
Size
4,719 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
14132

Building Details

Year built
1915
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat

Listing agent Jason Zhou License #10301217017

Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY

Listing date Nov 7, 2021

MLS# 457019 Listing URL

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.

Located in the Sunset Park neighborhood of Brooklyn, this six-family building is situated near 7th Avenue. The property, zoned R6B, may be suitable for conversion into two commercial units and four residential units. The building contains no rent-controlled apartments, and all tenants are without leases. The building measures 23x79 feet and is situated on a 23x100 foot lot. The property size is 4,719 square feet, and the lot size is approximately 0.0529 acres. The annual property tax is $14,131. The property is located close to local amenities.

Key Highlights

  • Six‑family building built in 1915
  • Brick construction with flat roof
  • Building measures 23 x 79' on a 23 x 100' lot

Local Financial Insights For Apartment 5plus

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 $237.8k $50.40
− Vacancy −$9.0k −$1.92
EGI $228.8k $48.48
− OpEx −$103.0k −$21.82
NOI $125.8k $26.67
4,719 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M (±1% cap)
NOI $125,840 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M (±1% cap)
NOI $214,144 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

AARON'S CONSTRUCTION CORPORATION. Roofing Company

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Veterinary Clinic Nursing Home Pet Grooming Service Bed & Breakfast Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six-family building near 7th Avenue in Sunset Park, Brooklyn.
Where is this apartment building located?
The property is located at 715 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Six‑family building built in 1915; Brick construction with flat roof; Building measures 23 x 79' on a 23 x 100' lot
Contact an agent
More about this property
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