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723 51st Street, 
Brooklyn, NY 11220

$1,665,000


8

Beds


4

Baths


1,600

Sq Ft


Multi-Family

Active

Listed by

Yan Mei (Jamie) Zheng

Tiger Realty

917-708-9966

Last updated:

June 6, 2026, 11:15 AM

MLS#

502050

Source:

BROOKLYN

About This Home

723 51st Street

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.

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1940

Price Summary

1,665,000

$1,040 per Sq. Ft.

MLS #:

502050

Last Updated:

June 6, 2026, 11:15 AM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

1,600 Sq. Ft.


Structure

Structure

Building Area:

1,600 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

1,517


Finances & Disclosures

Finances

Price:

$1,665,000

Price per Sq. Ft:

$1,040 per Sq. Ft.

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.