by RH Advisors

See Home Value
$1,195,000
Multifamily - Off Market

248 57th Street

Sunset Park, NY 11220
bedrooms
12 Beds
bathrooms
6 Baths
$1,194,472
RealtyHop Estimate
-0.04%
Since Nov 1, 2023
NY-New York
Primary Model

About This Property

Welcome to Sunset Park, Brooklyn's vibrant and diverse neighborhood, where an incredible opportunity awaits you in the form of a 6-family house with exceptionally low property taxes. Nestled within this bustling community, this property provides not only a prime location but also the potential for an excellent investment and a comfortable living space. This spacious 6-family house stands as a testament to the architectural charm that characterizes Sunset Park. With its classic exterior and welcoming presence, it exudes a sense of warmth and character. The property boasts a well-maintained facade, ensuring a lasting impression for both residents and visitors. Each unit within this multi-family dwelling contains a desirable layout and ample space, making it an ideal choice for homeowners and investors alike. The interiors are adorned with contemporary finishes, ensuring a comfortable and stylish living experience. With a total of six units, this property presents a unique opportunity for multi-generational families or those looking to generate rental income. One of the most appealing aspects of this property is its remarkably low property taxes. This advantage allows residents to enjoy significant savings, making it an appealing prospect for both investors and owner-occupants. The low property tax burden not only adds to the financial benefits of owning this property but also enhances its long-term sustainability and potential for future growth. Beyond the confines of this exceptional 6-family house, Sunset Park itself has a wealth of attractions and amenities. Known for its beautiful namesake park, which provides stunning views of the Manhattan skyline, Sunset Park gives a serene escape from the bustling city. The neighborhood is also home to a vibrant cultural scene, with diverse cuisines, local shops, and community events that celebrate the area's rich heritage. Located in the heart of Brooklyn, this property benefits from excellent connectivity to the rest of New York City. Convenient transportation options, including multiple subway lines and bus routes, ensure easy access to Manhattan and other neighboring areas. Proximity to major highways and airports further enhances the convenience and accessibility of this location.  In summary, this 6-family house in Sunset Park, presents a unique opportunity to own a property with low property taxes in a vibrant and sought-after neighborhood. With its appealing architecture, spacious units, and incredible location.
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$746
HOA Dues
-
Year Built
1910
Last updated: 7 months ago (OneKey MLS #3489038)

Price History

Date / Event Date Event Price
Dec 18, 2023 No longer available -
No longer available
Oct 21, 2023 Price Decreased $1,195,000
↓ $5K (0.4%)
Price Decreased
Jul 6, 2023 Listed by EXP Realty $1,200,000
Listed by EXP Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details

Bathroom Information

Full Bathrooms: 6

Room Information

Rooms: 24

Basement Information

Basement: Partially Finished


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
12 Beds
6 Baths
-
$1,000,000 Jan 23, 2024
$1,000,000 Apr 9, 2024
$746/mo
Multifamily
6 Beds
3 Baths
-
$1,130,000 Jan 24, 2019
$1,130,000 Oct 29, 2019
$359/mo
Multifamily
7 Beds
4 Baths
-
$1,238,000 Oct 10, 2023
$1,238,000 Mar 1, 2024
$442/mo
Multifamily
Stu
-
2,565 ft²
$487/ft²
$1,250,000 Jun 27, 2020
$1,250,000 Oct 27, 2020
-
Multifamily
5 Beds
3.5 Baths
1,800 ft²
$550/ft²
$990,000 Mar 15, 2016
$990,000 Nov 15, 2016
$305/mo
Multifamily
5 Beds
2 Baths
-
$999,000 Mar 13, 2022
$999,000 Jul 11, 2022
$238/mo
Multifamily
12 Beds
6 Baths
-
$995,000 Mar 19, 2024
-
$845/mo
Multifamily
16 Beds
8 Baths
-
$1,190,000 Nov 9, 2023
-
$1,280/mo
Multifamily
5 Beds
4 Baths
-
$1,180,000 Dec 2, 2023
-
$580/mo
Multifamily
4 Beds
4 Baths
-
$1,180,000 Nov 25, 2023
-
$580/mo
Multifamily
4 Beds
2 Baths
-
$1,100,000 Mar 19, 2024
-
$345/mo
Multifamily
4 Beds
3 Baths
-
$999,000 Mar 18, 2024
-
$263/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230706
07/06/2023
12 Bed
6 Bath
-
$1,200,000
bedrooms
12 Bed
bathrooms
6 Bath
-
-
-
Dingxing Chen
EXP Realty
20221010
10/10/2022
Studio
6 Bath
5196 ft²
$1,300,000
bedrooms
Studio
bathrooms
6 Bath
square feet
5196 ft²
-
-
-
Manashe Sezanayev
ASSET CRG ADVISORS LLC

Building Info

248 57th Street 248 57th Street, Brooklyn, NY 11220
  • 6 Units
  • 1 Unit for Sale
More about this Building
248 57th Street
Want to find out who owns 248 57th Street, Brooklyn, NY 11220? Get detailed property transactions here .

About South Brooklyn


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