Property details
About 459 42nd St
*Investor Special – Turnkey Income Property! Fantastic opportunity for investors or end users seeking strong immediate rental income, offering a solid 6.33% cap rate. Property will be delivered as-is with tenants in place.* Discover this rare gem—an 8-family building located in the heart of the sought-after Sunset Park neighborhood. Boasting eight spacious three-bedroom apartments across four stories, this property also includes a basement with a separate front entrance. • Building Dimensions: 27' x 65' • Lot Dimensions: 27' x 100' • Prime Location: Just minutes away from the vibrant 5th Avenue commercial district, brimming with dining, shopping, and entertainment options. Conveniently close to the R train, local buses, I-278, and the Belt Parkway, ensuring seamless accessibility. Zoning: R6B—offering significant growth and development potential. This is an investment opportunity you don’t want to miss! Act fast—it won't last!
Highlights
Summary
- Full Bathrooms: 8
- Appliances: Refrigerator, Stove
- Basement: Yes
- Flooring Type: Hardwood, Laminate, Tile
- Fireplace: Stove
- Total Bedroom Count: 24
- Attached Garage: No
- Parking: None, None
- Heating: Steam, Natural Gas
- List Price: $1,099,000
- Price/SqFt: $164
- Annual Tax Amount: $18,168
- Tax Year: 2024
- Year Built: 1914
- Stories: 4
- Living Area: 6,668 SqFt
- MLS Number: 487795
- Office Name: RE/MAX Edge
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Last updated on: 7/9/2025, 11:45:25 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $534,600 | $18,168 |
| 2023 | $668,250 | $16,826 |
| 2021 | $982,350 | $15,394 |
| 2019 | $1,076,850 | $15,056 |
| 2018 | $103,532 | $12,278 |
| 2017 | $96,535 | $12,445 |
History based on county public records data.
Nearby schools
4
Sunset Park Avenue Elementary School
Public District KG-4
0.1 mi
•4222 4th Ave
4
P.S. 24 Brooklyn
Public District KG-5
0.2 mi
•427 38th St
4
P.S. 1 Bergen School
Public District PK-5
0.3 mi
•309 47th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,520. The most common annual income of people living in Brooklyn, NY is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 459 42nd St
The listing price of 459 42nd St property is $1,099,000.
The property 459 42nd St is a multi located in Brooklyn, New York, 11232.
Active Listing: 459 42nd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 459 42nd St are: Sunset Park Avenue Elementary School (GreatSchools Rating 4/10), P.S. 24 Brooklyn (GreatSchools Rating 4/10), P.S. 1 Bergen School (GreatSchools Rating 4/10), Intermediate School 136 Charles O Dewey (GreatSchools Rating 2/10), Sunset Park Preparatory (GreatSchools Rating 5/10), J.H.S. 220 John J Pershing (GreatSchools Rating 7/10), Sunset Park High School (GreatSchools Rating 4/10), West Brooklyn Community High School (GreatSchools Rating 3/10), High School of Telecommunications Arts and Technology (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $18,168 (source: MLS/based on county public records data).
The property 459 42nd St is 6,668 SqFt (source: MLS/tax record).
The year of construction for 459 42nd St is 1914.
This home is located at 459 42nd St in Brooklyn, NY and zip code 11232 in the Sunset Park neighborhood. This 6,668 square foot home was built in 1914. Features: 24 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since December 4, 2024 and is currently priced at $1,099,000.
Brooklyn, NY housing market in June 2025 saw over 44 listings sold above listed price, more than 293 sold at listed price and over 155 sold below. The number of homes for sale in Brooklyn, NY decreased by 5% between May and June 2025. While the average time on the market in June 2025 was 92 days, the median list price was $1,019,077.