723 51st Street Brooklyn, NY $ 1,665,000
723 51st Street
$ 1,665,000
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723 51st Street

Brooklyn, NY, 11220
$ 1,665,000
Bedrooms8 Baths4.0 Sq 1,600

Monthly Estimate*

$ 10,252

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Multi-Family Home for sale in Brooklyn, NY

for $1,665,000 with 8 bedrooms and 4 full baths. This 1,600 square foot home was built in 1940 on a lot size of 0.034826.

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.

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Multi-Family Active

Price

$ 1,665,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,885

Style

Multi-Family

Lot Size

0.034826

Year Built

1940

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

502050

Features
Interior
Heating Fuel Gas
Flooring Other
Hot Water Gas
Full Baths 4
Half Baths 0
Three Quarter Bath 0
Beds Total 8
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General
Roof Tile
Zoning R6B
Electric 110 V
Stories Count 2
Property Type Residential
Block 794
Yearly Taxes 5885.00
Transaction Type Sale
Financing Bank Mortgage Cash
Building Type Attached
Status Active
Construction Materials Brick
Cumulative Days on Market 163
MLS Area Sunset Park
Sub Type Multi-Family
Year Built 1940
City Brooklyn
DOM 1
# Families 2
Public Remarks 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-
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Exterior
Exterior Vinyl Siding Other
Foundation Poured Concrete
Parking Attrib Other
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Tiger Realty

Broker

(347) 296-9166

Phone

Affordability Calculator

$10,742
Per Month
95%
5%
0%
Monthly Principal & Interest
$10,252
Monthly Property Taxes
$490
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2026$1,665,000 Listed Price

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723 51st Street, Brooklyn, NY, 11220 is a Multi-Family Home for sale at $1,665,000 with 1,600 sqft and a lot size of 0.034826. 723 51st Street has 8 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 11220 which is in Brooklyn, NY