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    724 50Th St Brooklyn, NY 11220

    For Sale
    $2,150,000

    Spacious 2-family home, great investment!

    Property size:
    2,504 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property at 724 50th Street in Brooklyn, New York, presents a compelling investment opportunity. The semi-detached brick building boasts a substantial 2,504 square feet of space, thoughtfully configured as a two-family home. The asking price is $2,150,000. The property's layout offers significant potential for both rental income and owner occupancy. A key feature is the convenient 10-foot shared driveway, providing ample off-street parking. Further enhancing the property's appeal is a detached garage, offering additional storage or parking options. Located in the vibrant Sunset Park neighborhood, this property benefits from its proximity to a wide array of amenities, including diverse shopping, dining establishments, and readily accessible public transportation. The property's address is 724 50th Street, Brooklyn, NY 11220. This is a rare chance to acquire a well-situated mixed-use property in a thriving Brooklyn community. The property's size and features make it ideal for both savvy investors and those seeking a blend of personal living space and income generation. Don't miss this chance to own a piece of Sunset Park.

    Property Features for 724 50Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,504 SF

    HighLights

    • Exceptional mixed‑use investment opportunity in Sunset Park, Brooklyn.
    • 2,504 sq ft semi‑detached brick building, configured as a two‑family home.
    • Asking price: $2,150,000.
    • Features a 10‑foot shared driveway and detached garage.
    • Located near shopping, dining, and public transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    36047
    State
    New York
    Longitude
    -74.0054125
    Latitude
    40.6419207

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious 2-family home, great investment!
    Where is this mixed-use property located?
    The property is located at 724 50Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Sunset Park, Brooklyn.; 2,504 sq ft semi-detached brick building, configured as a two-family home.; Asking price: $2,150,000.
    Request Owner's contact information
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    724 50Th St Brooklyn, NY 11220
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