$1,790,000

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: 5/27/2025, 1:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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537 56th St, Brooklyn, NY 11220 - view of apartment building / complex

$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

DateEventPrice
Apr 01, 2005
Home Sold
$710,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $31,207. Most Brooklyn, NY residents have annual incomes less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

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 SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • H&MH&M
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • PopeyesPopeyes
  • Boston MarketBoston Market

What do the neighbors drive?

  • DodgeDodge
  • NissanNissan
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

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.

In April 2025 more than 38 listings in Brooklyn, NY were sold above the asking price. During the same period more than 194 listings were sold at asking price, while more than 146 were sold below. Between March and April 2025, Brooklyn, NY real estate market has seen increase in the number of listings by 2.3%. In April 2025 median list price was $994,292 and the average listing age was 121 days.

From Rocket Homes Real Estate and based on county public records data.

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