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413 57th Street, 
Brooklyn, NY 11220

$5,300,000

—

Bed

12

Baths

-

Sq Ft

Multi-Family

Active

Listed by

Franklin Shan

Tiger Realty

917-708-9966

Last updated:

April 15, 2026, 11:12 AM

MLS#

500117

Source:

BROOKLYN

About This Home

413 57th Street

Attention property investors—this is a rare opportunity you don’t want to miss. This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside. Each floor consists of: • Front unit: 1-bedroom • Rear unit: 2-bedroom The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs. Financial Highlights: • Current Net Operating Income (NOI): $349,906 annually • Cap Rate: 6.6% • Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually Key Features: • Tenants pay all utilities, including heat and hot water • Low operating expenses • Strong, stable income stream with additional upside Location: Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn’s most desirable

Home Facts

Multi-Family

12 Baths

Price Summary

5,300,000

MLS #:

500117

Last Updated:

April 15, 2026, 11:12 AM

Added:

a month ago

Rooms & Interior

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

12

Lot

Lot Size (Sq. Ft):

2,000

Finances & Disclosures

Finances

Price:

$5,300,000

Source:BROOKLYN
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.