$5,599,000

553 58th St Brooklyn, NY 11220

24 full
17,344 sqft
$323 / sqft
Multi-Family

Property details

About 553 58th St

Welcome to a distinguished 4-story walk-up apartment building in the heart of Brooklyn's vibrant Sunset Park neighborhood. This well-maintained property has 24 residential units, offering a total of 55 Bedrooms and 24 Bathrooms across 17,369 SF of living space. Residents enjoy spacious living space with vaulted ceilings, modern kitchens, and the convenience of on-site laundry facilities. Annual Owner Operating Income is $533K/year. Situated in the desirable Sunset Park Area, residents have access to a plethora of amenities, including restaurants, retail shops and cultural attractions. Public transportation Options are abundant. Subway: The property is approximately minutes away from the 59th St station, served by N&R lines. Bus: Several bus routes are accessible nearby, including the B11, B37 and X27. This property represents a compelling investment opportunity in a thriving Brooklyn neighborhood. With its solid income stream, manageable expenses and prime location, this property is well-positioned to deliver consistent returns. Contact us today to learn more about this exceptional property!

Highlights

Home typeMulti Family
HeatingHot Water, Natural Gas
StatusActive
CoolingOther
Size17,344 sqft
BasementYes
Year built1911
ParkingOther, Other
MLS #490169
FireplaceStove, Other

Summary

  • MLS Number: 490169
  • Office Name: Tiger Realty

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 4/4/2025, 9:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$5,599,000

553 58th St

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Price information

Property sales

DateEventPrice
Jun 04, 2015
Home Sold
$4,600,000

Tax history

YearAssessmentProperty Tax
2024$782,550$80,270
2023$706,950$75,544
2021$481,500$118,131
2019$607,950$55,026
2018$445,050$41,930
2017$418,500$38,033

History based on county public records data.

Nearby schools

7

Leep Dual Language Academy Charter School

Public Charter KG-2

0.2 mi

5323 5th Ave Fl AVE-2nd

5

Brooklyn Rise Charter School

Public Charter KG-2

0.3 mi

475 53rd St Fl ST-2nd

4

P.S. 503: The School Of Discovery

Public District KG-5

0.3 mi

330 59th St

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 $41,000. The majority of Brooklyn, NY residents have income less than $<35k annually. Typical family type is married, with kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

44%
<35k
37%
35k-100k
17%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

31%
Single, No Kids
14%
Single, with Kids
21%
Married, No Kids
34%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
7%
12-17 yrs old
36%
18-34 yrs old
34%
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 553 58th St in Brooklyn, NY and zip code 11220 in the Sunset Park neighborhood. This 17,344 square foot home was built in 1911. Features: 24 bathrooms. It has been listed on Rocket Homes since March 19, 2025 and is currently priced at $5,599,000.

Brooklyn, NY housing market in March 2025 saw over 22 listings sold above listed price, more than 171 sold at listed price and over 156 sold below. In March 2025 in Brooklyn, NY there were 3.8% more homes for sale than in February. The median list price of listings available in March 2025 was $995,066, while the average time on the real estate market was 142 days.

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

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