Active

$1,998,000

5514 Fort Hamilton Pkwy, Brooklyn, NY 11219

7beds

3,036sqft

Multi Family

Built in 1915

-- sqft lot

$1,868,600 Zestimate^®

$658/sqft

$-- HOA

What's special

Abundant open land

Prime Boro Park and Sunset Park three-family residential investment property, perfectly positioned for builders, developers, and long-term investors. Zoning highlight: R6 residential zoning with C1-3 commercial overlay, allows mixed residential + commercial usage, higher floor area ratio, flexible new construction, renovation & expansion options, huge development potential with easy approval for builder plans. Rare find oversized lot size 20×117.82, extra deep and wide lot layout, abundant open land for new ground-up development, multi-unit new build, home expansion. Solid, well-maintained 3-family house layout, great steady rental income flow right now. Excellent location on Fort Hamilton Parkway, prime Boro Park neighborhood, close to all shops, restaurants, public transportation, highway, schools, and daily amenities. Rare great zoning + extra large lot combination, perfect and ready to go for all builders & developers. Great value, won’t last long!

71 days

348

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Features

Flooring: Hardwood
Has fireplace: No

Interior area

Total structure area: 3,036
Total interior livable area: 3,036 sqft

Property

Details

Parcel number: 056800047
Special conditions: Resale

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1915

Community & HOA

Community

Subdivision: Borough Park

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $658/sqft
Tax assessed value: $1,534,000
Annual tax amount: $9,421
Date on market: 5/11/2026

Estimated market value

$1,868,600

$1.78M - $1.96M

$3,101/mo

Price history

Date	Event	Price
5/11/2026	Listed for sale	$1,998,000+788%$658/sqft
Source: BNYMLS #501326 Report a problem
10/31/1995	Sold	$225,000$74/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,421 +4.7%	$92,040 +11.4%
2024	$8,996	$82,620 -16%
2023	--	$98,340 -8.7%
2022	--	$107,760 +7.6%
2021	--	$100,140 +8.7%
2020	$8,374 +6%	$92,160
2019	$7,900 +1.2%	$92,160 +146.9%
2018	$7,808 +3.4%	$37,324 +0.8%
2017	$7,551 +10.5%	$37,041 +6%
2016	$6,833	$34,945 +6%
2015	$6,833 +62.1%	$32,970 +6%
2014	$4,215	$31,104
2013	--	$31,104 +0.8%
2012	--	$30,868 +6%
2011	--	$29,121 +6%
2010	--	$27,475 +6%
2009	--	$25,920
2008	--	$25,920 +0.8%
2007	--	$25,724 +6%
2006	--	$24,268 +6%
2005	--	$22,896 +6%
2004	--	$21,600
2003	--	$21,600 +0.8%
2002	--	$21,437 +6%
2001	--	$20,224 +6%
2000	--	$19,080

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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