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553 58th St
Brooklyn, NY 11220

Blanche · Multifamily Property For Sale · 24 Units

EXECUTIVE SUMMARY

Welcome to 553 58th St, 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 a 5-minute walk 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, 553 58th Street is well-positioned to deliver consistent returns. Contact us today to learn more about this exceptional property!

PROPERTY FACTS

Price Per Unit £181,184
Sale Type Investment
Net Initial Yield 6.70%
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.14 AC
Building Size 17,344 SF
Average Occupancy 92%
Number of Floors 4
Year Built 1911

UNIT AMENITIES

  • Basement

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
Studios 2 - -
1+1 4 - -
2+1 8 - -
3+2 10 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00848-0054
Land Assessment
£27,487
Improvements Assessment
£577,580
Total Assessment
£605,068

ZONING

Zoning Code R6B (Located in the Sunset Park neighborhood between 5th Avenue & 6th Avenue near Belt Parkway and the 59th St subway station.)
R6B (Located in the Sunset Park neighborhood between 5th Avenue & 6th Avenue near Belt Parkway and the 59th St subway station.)
  • Listing ID: 34786145

  • Date on Market: 11/02/2025

  • Last Updated:

  • Address: 553 58th St, Brooklyn, NY 11220

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