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Blanche 553 58th St 24 Unit Apartment Building $7,811,725 CAD ($325,489 CAD/Unit) 6.70% Cap Rate Brooklyn, NY 11220
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 | $7,811,725 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $325,489 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.70% | Building Size | 17,344 SF |
| No. Units | 24 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1911 |
| Zoning | R6B - Located in the Sunset Park neighborhood between 5th Avenue & 6th Avenue near Belt Parkway and the 59th St subway station. | ||
| Price | $7,811,725 CAD |
| Price Per Unit | $325,489 CAD |
| Sale Type | Investment |
| Cap Rate | 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% |
| No. Stories | 4 |
| Year Built | 1911 |
| Zoning | R6B - Located in the Sunset Park neighborhood between 5th Avenue & 6th Avenue near Belt Parkway and the 59th St subway station. |
AMENITIES
UNIT AMENITIES
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 8 | - | - |
| 3+2 | 10 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 00848-0054 | Improvements Assessment | $1,184,422 CAD |
| Land Assessment | $49,904 CAD | Total Assessment | $1,234,326 CAD |
PROPERTY TAXES
Parcel Number
00848-0054
Land Assessment
$49,904 CAD
Improvements Assessment
$1,184,422 CAD
Total Assessment
$1,234,326 CAD
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Blanche | 553 58th St
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