6
Map
860 56th Street
About This Property
Positioned on a desirable block in the heart of Sunset Park, this solid brick six-family building presents a compelling opportunity in one of Brooklyn's consistently strong rental markets. Ideal for investors looking to add value or secure a long-term hold in a sought-after location.
The property features six one-bedroom apartments and includes TWO VACANT UNITS on the first floor, offering immediate flexibility for market-rate leasing, renovation, or owner use - a rare and valuable advantage in today's environment. The building has been maintained over time and also offers a full basement providing additional storage and utility space.
Conveniently located near neighborhood shopping, dining, and transportation, this is a straightforward investment opportunity backed by the enduring appeal of Sunset Park.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2026 | Sold | ||
| Sold | |||
| Jan 31, 2026 | Listed by Compass | $1,599,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017