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Brooklyn, NY, 11220 • Sunset Park • Kings County
$422/sqft
Down payment assistance available
7Beds
7Baths
3,201Sqft
1906Built
Character Home
Built 1906 · 120 years of history
Sunset Park
Sunset Park
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 116 days ago · 262 views · 6 saves
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262 views
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6 saves
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116 days on market
Established listing
$422/sqft
Price per square foot
Multi Family · Built 1906 · Historic
Introducing 361 59th Street, Brooklyn, NY 11220 — a solid brick three-story, low-rise multifamily building located in the heart of Sunset Park along the bustling 4th Avenue corridor. Built in 1906 and classified as a Class C multifamily, the property sits on a 0.05-acre lot and encompasses 3,201 SF. The building consists of 7 total units: Six fully occupied residential apartments, all well-maintained and producing consistent rental income. With a net operating income of $83,238 and a cap rate of 5.4%, this asset provides a strong return in a high-demand rental market. Zoned R6A, the property benefits from flexible residential density and long-term growth potential. Ideally positioned near transportation, parks, shopping, and neighborhood amenities, 361 59th Street offers both stability and upside—perfect for investors seeking a reliable multifamily property in a thriving Brooklyn location.
Based on current rates
Est. 6.35% rate · 30yr fixed · $1,079,999 loan
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3 schools rated nearby
Elementary • Public • K-5
Brooklyn, NY, 11220
1 event
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Brooklyn, NY • Kings County
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