723 51st ST, Brooklyn, NY 11220
723 51st ST, Brooklyn, NY 11220
723 51st ST, Brooklyn, NY 11220
723 51st ST, Brooklyn, NY 11220
723 51st ST, Brooklyn, NY 11220
723 51st ST, Brooklyn, NY 11220
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$ 1,665,000
Est. payment | /mo

8 Beds

4 Baths

1,600 SqFt


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$ 1,665,000
Est. payment | /mo
Save

8 Beds

4 Baths

1,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $1,040

MLS Listing ID 502050

Bedrooms 8

Full Baths 4

Year Built 1940

Annual Tax Amount $5,885

Property Sub-Type Multi-Family

Property Description

Prime Sunset Park Investment Opportunity! Situated on a 20' x 80' lot with a 20' x 45' building footprint, this vacant two-family property is located in an R6B zoning district, offering excellent long-term value and potential for future development opportunities.

The property features a total of 8 bedrooms and 4 full bathrooms. The first-floor unit offers 4 bedrooms and 2 full bathrooms, while the second-floor unit features 4 bedrooms, 2 full bathrooms, and access to a spacious private terrace. A fully finished basement and a large backyard provide additional flexibility and usable space.

Delivered vacant at closing, this home presents a rare opportunity for investors, end-users, and developers alike. Whether you're looking to generate rental income, renovate to maximize value, or explore future development possibilities, this property offers tremendous potential.

Conveniently located in the heart of Sunset Park, just minutes from shopping, supermarkets, restaurants, schools, parks, and public transportation. A rare chance to acquire a versatile property in one of Brooklyn's most desirable and rapidly growing neighborhoods. Buyers are encouraged to perform their own due diligence regarding zoning and development potential.

Location

State NY

County Kings (brooklyn)

Area Sunset Park

Zoning R6B

Rooms

Basement Finished, Full

Interior

Hot Water Gas

Heating Gas

Flooring Other

Heat Source Gas

Exterior

Exterior Feature Vinyl Siding, Other

Amenities Available NONE

Roof Type Tile

Handicap Access No

Building

Story 2

Foundation Poured Concrete

Others

Energy Description Gas

Financing Bank Mortgage,Cash

Listed by Tiger Realty
NEARBY SCHOOL & BUSINESS
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Joseph Matassa

Joseph Matassa

Agent

+1(732) 802-7100

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723 51st ST