13 days on rocket

723 51st St, Brooklyn, NY, 11220

$1,580,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
3 Full Baths
1,600 SqFt
$988/SqFt
Multi
Schools Nearby

Location

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723 51st St, Brooklyn$1,580,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1940
HeatingForced Air, Steam, Natural Gas
CoolingOther
BasementYes
FireplaceOther
MLS #481853
StatusActive

About 723 51st St

Unlock the golden opportunity of investment nestled in the heart of vibrant Sunset Park! This 2-family home presents an ideal canvas for your investment dreams. The first unit offers you 3 spacious bedrooms and 1 full bathroom, while the second unit provides you 4 inviting bedrooms and 2 full bathrooms, ensuring comfort and convenience for both families. Adding to its allure, a finished basement for additional space. With the flexibility to deliver vacant, envision the endless possibilities to customize and maximize returns. Situated mere moments away from a plethora of dining hotspots, supermarkets, bustling shops, and convenient transportation links, this property epitomizes the essence of prime location. Seize this rare chance to make this your investment dream! Schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 2
  • Living Area: 1,600 SqFt

Listing Office:

  • Office Name: Momentum Real Estate LLC

Interior Features

Interior Information:

  • Appliances: Refrigerator, Other
  • Basement: Yes
  • Flooring Type: Hardwood
  • Fireplace: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Parking: None

Utilities

Utilities Information:

  • Heating: Forced Air, Steam, Natural Gas
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,580,000
  • Price Per SqFt: $988/SqFt

Tax Information:

  • Annual Amount: $5,296
  • 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

723 51st St vs Brooklyn

13 DAYS ON ROCKET

-88 Days

$1,580,000

+$614K More

$988/SqFt

+$298 More

KEY TAKEAWAY

This property is $614K more than the Median Sold Price and $298/SqFt more than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #481853

Listing Office:

  • Office Name: Momentum Real Estate LLC

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: 5/19/2024, 3:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 07, 2019Home Sold
$1,280,000
Apr 23, 1998Home Sold
$170,000
Apr 22, 1996Home Sold
$142,500

Tax History

YEARPROP. TAXASSESSMENT
2020$5,296$68,640
2019$5,296$68,640
2018$4,381$22,572
2017$4,172$21,496

History based on county public records data.

Payment Calculator

$7,953

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,803

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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-3816777
5
/10

  • PS 94 The Henry Longfellow

  • 5010 6th Ave

  • 0.21 miles

  • Public District Grades KG-5

school-card-donut-3816778
8
/10

  • PS 169 Sunset Park

  • 4305 7th Ave

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-3816779
9
/10

  • PS 160 William T Sampson

  • 5105 Fort Hamilton Pkwy

  • 0.48 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,796. Typical income of Brooklyn, NY residents is less than $35k annually. The most common type of family is married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11220›723 51st St

This home is located at 723 51st St in Brooklyn, NY and zip code 11220 in the Sunset Park neighborhood. This 1,600 square foot home was built in 1940. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $1,580,000.

In April 2024, from all listings sold in Brooklyn, NY there were more than 25 sold above asking price, over 145 sold below and more than 208 were sold right at the asked price. In April 2024 in Brooklyn, NY there were 0.1% more homes for sale than in March 2024. Listings spent 101 days on the market in April 2024, and had a median list price of $965,912 during the same period.

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

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