717 58th Street

Sunset Park

$2,988,000
Price
19
Beds
16
Baths
11,360 Sq. Ft.
$263 / Sq. Ft.
11,360
Sq. Ft.
$263
per Sq. Ft.

Description

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...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!
  1. Listed by Jason Zhou • RE/MAX Edge

Amenities

  • Walk Up
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Full Basement
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/02/2024 07:10 PM

Property Details for 717 58th Street

StatusActive
MLS ID487772
Days on Market39
Taxes$53,615 / year
Maintenance-
Min. Down Pymt-
Total Rooms51.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1928
Lot Size4,007 SF / 40' x 100'
CountyKings County

Building

717 58th St

16 Units4 StoriesBuilt in 1928

Building Information for 717 58th Street

Stories4Residences16Year Built1928Building Size40' x 86'Building Sq. Ft13,760 SFLot Size4,007 SF / 40' x 100'Building Age-Building Type-

Property Information for 717 58th Street

Summary
Location and General Information
  • Block: 850
  • Cross Street Name: 7th Av
  • Cross Street Name: 8th Av
  • Zoning: R6B
  • Roof: Flat
  • Residential Features: Refrigerator, Stove
  • Number Of Vacant Units: 10
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 53615.0
  • Gross Expense: 108286.0
  • Gross Income: $302,632.00
  • Cap Rate: .07%
Property
Lot Information
  • Sq Ft Total: 11360
  • Yard: Back, Front
  • Lot Number: 71
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 40
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Oil
  • AC Units: 0
  • Hot Water: Oil
  • Utility Expense: 906.0
  • Fuel Expense: 22670.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full, Semi-Finished, Separate Entrance
  • Baths Three Quarter: 1.0
  • Total Rooms: 51
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Tile
  • Unit Count: 0
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: 110 V, 220 V, Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 3440.0
  • Building Length: 86.0
  • Building Type: Attached
  • Building Width: 40.0
Agent
Agent Information
  • Net Operating Income: 194345.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 12140.0
  • Owner Occupied: No

Property History for 717 58th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 717 58th Street

Taxable ValueLand$135,450Additions$293,400Total$428,850
Home Facts
Total Finished SqFt11,360 SqFtLot Size4,007 SqFtYear Built1928ZoningR6BAPN3008500071

Schools near 717 58th Street

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 105 The Blythebourne
PublicK to 5

Jhs 220 John J Pershing
Public6 to 8

Franklin Delano Roosevelt High School
Public9 to 12

MS 936 ARTS OFF 3RD
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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717 58th Street is a townhouse for sale in Sunset Park. This property was listed for sale on December 2, 2024 by RE/MAX Edge, it's currently listed at $2,988,000. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include P.S. 105 The Blythebourne, Jhs 220 John J Pershing and Franklin Delano Roosevelt High School. 717 58th Street is a 19-bed, 16-bath, 11,360 sqft townhouse built in 1928.

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Listing Courtesy of RE/MAX Edge

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