$10,000 Closing Credit¹
#487292, Listing office: RE/MAX Edge
$1,790,000 List price
537 56th St Brooklyn, NY 11220
$10,000
Closing credit¹
16 beds
8 full
Multi-Family
Property details
About 537 56th St
Investor opportunity in prime Sunset Park! This brick 8-family semi-detached building offers both immediate rental income and long-term growth potential. Spanning 4.5 stories, the property features a generous 20' x 86' building footprint on a 20' x 100' lot and is configured with spacious eight well-laid-out 2-bedroom units. Major capital improvements include a new roof and a modern heat boiler installed in 2019, reducing future maintenance costs. Ideally situated between 5th and 6th Avenues, tenants enjoy unmatched access to local parks, shopping, dining, and transportation via the N and R subway lines. With a strong annual rent roll of $128,788 and low property taxes at $18,714, this is a solid asset in one of Brooklyn’s most in-demand neighborhoods. A rare find—schedule a viewing today.
Highlights
Home typeMulti Family
HeatingSteam, Natural Gas
StatusActive
CoolingWindow Unit(s), Other
BasementYes
Year built1905
ParkingNone, Street
MLS #492897
FireplaceStove, Other
Summary
- Full Bathrooms: 8
- Appliances: Stove, Other
- Basement: Yes
- Flooring Type: Hardwood, Tile, Other
- Interior: Other
- Fireplace: Stove, Other
- Total Bedroom Count: 16
- Attached Garage: No
- Parking: None, Street
- Exterior: Other
- Heating: Steam, Natural Gas
- Cooling: Window Unit(s), Other
- List Price: $1,790,000
- Annual Tax Amount: $18,716
- Tax Year: 2024
- Year Built: 1905
- MLS Number: 492897
- Office Name: Amerihomes Realty of NY, Inc.
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Last updated on: 6/17/2025, 10:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,790,000
537 56th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 01, 2005 | Home Sold | $710,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $331,200 | $18,716 |
| 2023 | $414,000 | $17,336 |
| 2021 | $547,650 | $16,471 |
| 2019 | $598,500 | $15,508 |
| 2018 | $106,668 | $13,567 |
| 2017 | $106,668 | $13,316 |
History based on county public records data.
Nearby schools
7
Leep Dual Language Academy Charter School
Public Charter KG-2
0.1 mi
•5323 5th Ave Fl AVE-2nd
5
Brooklyn Rise Charter School
Public Charter KG-2
0.2 mi
•475 53rd St Fl ST-2nd
4
P.S. 94 The Henry Longfellow School
Public District KG-5
0.3 mi
•5010 6th Ave
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 $31,207. Typical income of Brooklyn, NY residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
57%
<35k
34%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
31%
Single, No Kids
17%
Single, with Kids
22%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
33%
18-34 yrs old
36%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Popeyes
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 537 56th St
The listing price of 537 56th St property is $1,790,000.
The property 537 56th St is a multi located in Brooklyn, New York, 11220.
Active Listing: 537 56th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 537 56th St are: Leep Dual Language Academy Charter School (GreatSchools Rating 7/10), Brooklyn Rise Charter School (GreatSchools Rating 5/10), P.S. 94 The Henry Longfellow School (GreatSchools Rating 4/10), PS 936 (GreatSchools Rating 8/10), J.H.S. 220 John J Pershing (GreatSchools Rating 7/10), P.S./I.S. 30 Mary White Ovington (GreatSchools Rating 5/10), High School of Telecommunications Arts and Technology (GreatSchools Rating 6/10), West Brooklyn Community High School (GreatSchools Rating 3/10), Sunset Park High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $18,716 (source: MLS/based on county public records data).
The last sale was on April 1, 2005 for $710,000 (source: MLS/tax record).
The year of construction for 537 56th St is 1905.
This home is located at 537 56th St in Brooklyn, NY and zip code 11220 in the Sunset Park neighborhood. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since May 24, 2025 and is currently priced at $1,790,000.
Over 37 listings were sold over their listed price in May 2025 in Brooklyn, NY. In the same period over 172 listings were sold below the listed price and 227 listings were sold for the listed price. Between April and May 2025, Brooklyn, NY real estate market has seen increase in the number of listings by 0.2%. Listings spent 118 days on the market in May 2025, and had a median list price of $992,262 during the same period.
From Rocket Homes Real Estate and based on county public records data.