Listing Courtesy of: BROOKLYN / Tiger Realty
413 57th Street Brooklyn, NY 11220
Active (31 Days)
$5,300,000 (USD)
12
BATH
Description
MLS #:
500117
500117
Taxes
$2,400
$2,400
Lot Size
2,000 SQFT
2,000 SQFT
Type
Multifamily
Multifamily
County
Kings County
Kings County
Listed By
Franklin Shan, Tiger Realty
Source
BROOKLYN
Last checked May 1 2026 at 6:33 PM EDT
BROOKLYN
Last checked May 1 2026 at 6:33 PM EDT
Bathroom Details
- Full Bathrooms: 12
Lot Information
- Yard: Back
Property Features
- Foundation: Block
- Foundation: Poured Concrete
Heating and Cooling
- Baseboard
Basement Information
- Full
- Finished
- Cellar
Flooring
- Tile
- Hardwood
Exterior Features
- Brick
- Roof: Flat
Utility Information
- Fuel: Gas
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Awaye Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Brooklyn MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/1/26 11:33
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