13 days on rocket

361 59th St, Brooklyn, NY, 11220

$1,388,000

Home List Price

$10,000*

Closing Credit

6 Full Baths
3,201 SqFt
$434/SqFt
Multi
Schools Nearby

Location

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361 59th St, Brooklyn$1,388,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, None
Year Built1906
HeatingSteam, Natural Gas
CoolingOther
BasementYes
FireplaceOther
MLS #481397
StatusActive

About 361 59th St

Introducing a beautiful 6-family Solid Brick in a prime neighborhood, Sunset Park. This Building size of 21x60 sitting on a 20x100 lot. Taxes are $10,283/year. The building consists of 6 One-Bedroom apartment (all in excellent condition) with access to a full basement. The building currently provides a gross annual rental income of $110,749 which is about a 5% to 6% CAP Rate, and it also determines that current tenants are at or about paying fair market rents. The building is conveniently located minutes away from all shopping and transportation on 4th Ave and 5th Ave, near N and R train Subway station. Please have the pre-approval or proof of funds ready with all offers. 24-hour notice that way all showings can be accommodated. This Building Won't Last!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1906
  • Stories: 3
  • Living Area: 3,201 SqFt

Listing Office:

  • Office Name: Century 21 Realty First

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes
  • Flooring Type: Laminate, Tile
  • Fireplace: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 6

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Attached Garage: No
  • Parking: None, None

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,388,000
  • Price Per SqFt: $434/SqFt

Tax Information:

  • Annual Amount: $9,000
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$965.9K

Med. Price/SqFt

$689

Avg. Days On Market

101

# of Sold Homes

378

361 59th St vs Brooklyn

13 DAYS ON ROCKET

-88 Days

$1,388,000

+$422K More

$434/SqFt

-$256 Less

KEY TAKEAWAY

This property is $422K more than the Median Sold Price and $256/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #481397

Listing Office:

  • Office Name: Century 21 Realty First

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/3/2024, 10:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,000$283,950
2019$8,978$283,950
2018$7,624$64,723
2017$7,156$59,944

History based on county public records data.

Payment Calculator

$6,995

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,228

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-5615997
6
/10

  • PS 506 The School of Journalism and Technology

  • 330 59th St

  • 0.06 miles

  • Public District Grades PK-5

school-card-donut-5615998
4
/10

  • PS 503 The School of Discovery

  • 330 59th St

  • 0.06 miles

  • Public District Grades KG-5

school-card-donut-5615999
5
/10

  • School of Math, Science and Healthy Living

  • 6214 4th Ave

  • 0.20 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,414. Residents of Brooklyn, NY typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11220›361 59th St

This home is located at 361 59th St in Brooklyn, NY and zip code 11220 in the Sunset Park neighborhood. This 3,201 square foot home was built in 1906. Features: 6 bathrooms. It has been listed on Rocket Homes since April 20, 2024 and is currently priced at $1,388,000.

In April 2024 more than 25 listings in Brooklyn, NY were sold above the asking price. During the same period more than 208 listings were sold at asking price, while more than 145 were sold below. The inventory of homes for sale in Brooklyn, NY between March 2024 and April 2024 increased by 0.1%. The median list price of listings available in April 2024 was $965,912, while the average time on the real estate market was 101 days.

From Rocket Homes Real Estate and based on county public records data.

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