Listed price in listed location currency (USD).
$1,665,000

840

MLS® 502050

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 1600 sqft
Garage 
Taxes $5,885
Days Active 0
Lot Size 
Approx. Age 1940
Avg. Price Per Sqft $1,040
MLS® Number 502050

Property Address: 723 51st St, Brooklyn, NY, 11220-2224

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number502050
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
BasementFinished, Full
DrivewayOther
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2026List Date
$1,665,000List Price
  • Commute

Commute

Starting Address
Destination Address
723 51St St, Brooklyn, NY

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