Ad #7807357
MLS #500117
Attention property investors-this is a rare opportunity you
413 57th St, Brooklyn, NY 11220
$5,300,000
--Beds
12Baths
--Sqft
0.05Acres
About this property
Attention property investors-this is a rare opportunity you don't want to miss. This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside. Each floor consists of: - Front unit: 1-bedroom - Rear unit: 2-bedroom The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs. Financial Highlights: - Current Net Operating Income (NOI): $349,906 annually - Cap Rate: 6.6% - Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually Key Features: - Tenants pay all utilities, including heat and hot water - Low operating expenses - Strong, stable income stream with additional upside Location: Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn's most desirable
Property Features
0 Beds
12 Baths
0 Sqft
0.05 Acres
Siding: Block, Brick
Flat Roof
$2,400 / yr property tax
Kings County
Additional Photos
Contact Information
Franklin Shan
Tiger Realty
917-708-9966
Location
Listing Agent: Franklin Shan 917-708-9966
Broker: Tiger Realty 917-708-9966 Listing Site
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.
Broker: Tiger Realty 917-708-9966 Listing Site
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.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$5,300,000
--
Beds
12
Baths
--
Sqft
413 57th St, Brooklyn, NY 11220
By contacting this agent you agree to these Terms and Conditions.
MLS# 500117
Attention property investors-this is a rare opportunity you
$5,300,000
413 57th St, Brooklyn, NY 11220
--
Beds
12
Baths
--
Sqft
0.05
Acres
$5,300,000
413 57th St, Brooklyn, NY 11220
-- Beds
12 Baths
-- Sqft
0.05 Acres
Attention property investors-this is a rare opportunity you don't want to miss. This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside. Each floor consists of: - Front unit: 1-bedroom - Rear unit: 2-bedroom The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs. Financial Highlights: - Current Net Operating Income (NOI): $349,906 annually - Cap Rate: 6.6% - Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually Key Features: - Tenants pay all utilities, including heat and hot water - Low operating expenses - Strong, stable income stream with additional upside Location: Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn's most desirable
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Property Details
HOME DETAILS
0 Beds
12 Baths
0 Sqft
0.05 Acres
EXTERIOR
Siding: Block, Brick
Flat Roof
FINANCIAL & COMMUNITY
$2,400 / yr property tax
Kings County
See More Details
Location
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Ad Statistics
Ad Number
7807357
Viewed
0 time
Listing Status
Active
Added
Jun 23, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
500117
Listing Agent: Franklin Shan 917-708-9966
Broker: Tiger Realty 917-708-9966 Listing Site
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.
Broker: Tiger Realty 917-708-9966 Listing Site
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.
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