361 59th St #1

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.