717 58th St Brooklyn, NY 11220
Property details
About 717 58th St
Rare-Find Excellent Investment Opportunity for this 16-Family with 10 Vacant Apartments is located in the center of Prime Sunset Park Neighborhood. Potentially about $300,000 annual gross income and about $200,000 in net operating income with 6.5% CAP rate. Building size 40x86' with approx. 11,360 square feet living space is sitting on 40x100.17 lot. Numerous improvements and upgrades have been done for the past couple months. The 16 apartments are consisting of 3 two-bedroom and 13 oversized one-bedroom apartments that can be easily converted into 2 bedrooms OVER full basement with separate entrance. Won't Last!
Highlights
Summary
- MLS Number: 487772
- Office Name: RE/MAX Edge
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$2,988,000
717 58th St
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Price information
Property sales
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Tax history
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Nearby schools
4
P.S. 251 Paerdegat School
Public District KG-5
0.5 mi
•1037 E 54th St
8
P.S. 208 Elsa Ebeling School
Public District PK-5
0.6 mi
•4801 Avenue D
6
P.S. 276 Louis Marshall School
Public District PK-5
0.7 mi
•1070 E 83rd 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 $67,500. Most Brooklyn, NY residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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?
Men's Tennis
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
Nordstrom Rack
Banana Republic
H&M
Where do the neighbors go to eat?
The Cheesecake Factory
Jack In The Box
Chipotle
What do the neighbors drive?
Volvo
Toyota
Volkswagen
What do the neighbors listen to?
News
Jazz
Rhythmic Contemporary Hits
This home is located at 717 58th St in Brooklyn, NY and zip code 11234 in the Flatlands neighborhood. This 11,360 square foot home was built in 1928. Features: 19 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since December 2, 2024 and is currently priced at $2,988,000.
Brooklyn, NY housing market in December 2024 saw over 40 listings sold above listed price, more than 257 sold at listed price and over 178 sold below. The number of homes for sale in Brooklyn, NY decreased by 10.4% between November and December 2024. Listings spent 88 days on the market in December 2024, and had a median list price of $987,395 during the same period.