$10,000 Closing Credit¹
#491064, Listing Office: RE/MAX Edge
$1,999,000 List price
642 56th St Brooklyn, NY 11220
$10,000
Closing credit¹
10 beds
5 full
3,780 sqft
$529 / sqft
Multi-Family
Property details
About 642 56th St
Located in the heart of Sunset Park, this 3-family brick home is an excellent opportunity for both end users and investors. The building measures 20 × 63 ft on a 20 × 100 ft lot and is zoned R6B, offering strong potential for future appreciation or redevelopment. The entire property is delivered vacant, making it ideal for immediate occupancy, renovation, or rental. It features 3 gas meters, 3 electric meters, 2 heating systems, and 3 hot water tanks—providing easy utility management for multi-unit use. All rooms have windows, allowing for great natural light and ventilation throughout. Property tax is only $7,356/year, keeping holding costs low. Conveniently located near 8th Avenue’s commercial corridor, subway stations, schools, and daily amenities, this property sits in a high-demand rental area with excellent long-term investment value. Don’t miss this rare opportunity! MLS Approve- No Financial provide due to property is vacant.
Highlights
Home typeMulti Family
HeatingHot Water, Natural Gas
StatusActive
Size3,780 sqft
BasementYes
Year built1901
MLS #492782
Summary
- Full Bathrooms: 5
- Appliances: None
- Basement: Yes
- Flooring Type: Hardwood, Tile
- Total Bedroom Count: 10
- Parking: None
- Exterior: None
- Heating: Hot Water, Natural Gas
- Cooling: None
- List Price: $1,999,000
- Price/SqFt: $528
- Annual Tax Amount: $7,356
- Tax Year: 2024
- Year Built: 1901
- Stories: 3
- Living Area: 3,780 SqFt
- MLS Number: 492782
- Office Name: E House Realty & Mgt. Inc.
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Last updated on: 5/22/2025, 4:20:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,999,000
642 56th St
$10,000
closing credit¹
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Seller rebate
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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 | $99,240 | $7,356 |
| 2023 | $113,340 | $7,076 |
| 2021 | $72,120 | $14,433 |
| 2019 | $79,560 | $6,847 |
| 2018 | $29,361 | $5,917 |
| 2017 | $29,030 | $5,712 |
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
4
P.S. 94 The Henry Longfellow School
Public District KG-5
0.3 mi
•5010 6th Ave
5
Brooklyn Rise Charter School
Public Charter KG-2
0.3 mi
•475 53rd St Fl ST-2nd
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 $36,796. Residents of Brooklyn, NY typically earn less than $<35k each year. Most families are married, with kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
49%
<35k
38%
35k-100k
11%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
29%
Single, No Kids
11%
Single, with Kids
22%
Married, No Kids
38%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
32%
18-34 yrs old
39%
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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This home is located at 642 56th St in Brooklyn, NY and zip code 11220 in the Sunset Park neighborhood. This 3,780 square foot home was built in 1901. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 17, 2025 and is currently priced at $1,999,000.
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. In April 2025 in Brooklyn, NY there were 2.3% more homes for sale than in March. In April 2025, listings were on the market for 121 days. During the same period, the median list price in this real estate market was $994,292.
From Rocket Homes Real Estate and based on county public records data.