Welcome to this well-maintained semi-detached 3-family property in the highly desirable Cypress Hills neighborhood (border of Ozone Park), an exceptional investment opportunity with strong income potential. Ideally located just minutes from public transportation (A -train), major highways, shopping, schools, and JFK Airport, this property offers convenience that consistently attracts tenants. This income-producing property features three units, a sprinkler system inside the building, and a skylight that enhances natural light. The first-floor unit includes a handicap-accessible bathroom, expanding tenant appeal. A private driveway accommodating up to four vehicles, along with a one-car attached garage, provides valuable off-street parking—a bonus for tenants. The spacious backyard offers great outdoor space, perfect for tenant enjoyment or added value. Whether you're looking to expand your portfolio or secure a solid multi-family asset in a high-demand rental area, this property checks all the boxes.
For sale
Price cut: $100K (7/25)
$1,299,999
557 Eldert Lane, Brooklyn, NY 11208
7beds
--sqft
Triplex, Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Handicap-accessible bathroomOne-car attached garage
- 153 days
- 481
- 10
Zillow last checked:
Listing updated:
Listed by:
Charles Rutenberg Realty Inc 516-575-7500,
Shobna D. Kowlessar 516-967-5661
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 978611
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Natural Gas
Cooling
- None
Features
- Original Details
- Flooring: Hardwood
- Basement: None
- Attic: None
- Has fireplace: No
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Private
- Garage spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 3,191 Square Feet
- Dimensions: 31.75 x 100.5
- Features: Near Public Transit, Near School, Near Shops
Details
- Parcel number: 042240014
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Brick
Condition
- Actual
- Year built: 1965
Utilities & green energy
- Gas: Separate Gas Meters: 2
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Amenities included: Park
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $732,000
- Annual tax amount: $7,113
- Date on market: 3/30/2026
- Cumulative days on market: 154 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Price change | $1,299,999-7.1% |
Source:  OneKey® MLS as distributed by MLS GRID #978611 Report a problem | ||
| 3/31/2026 | Listed for sale | $1,399,999-6.7% |
Source: OneKey® MLS as distributed by MLS GRID #978611 Report a problem | ||
| 7/29/2024 | Listing removed | -- |
Source: OneKey® MLS as distributed by MLS GRID #3509159 Report a problem | ||
| 10/7/2023 | Listed for sale | $1,499,999-40% |
Source: OneKey® MLS as distributed by MLS GRID #3509159 Report a problem | ||
| 7/1/2023 | Listing removed | -- |
Source: OneKey® MLS as distributed by MLS GRID #3482575 Report a problem | ||
| 6/5/2023 | Listed for sale | $2,500,000 |
Source: OneKey® MLS as distributed by MLS GRID #3482575 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,201 -1.1% | $43,920 -15% |
| 2024 | $7,282 | $51,660 +9.8% |
| 2023 | -- | $47,040 +22.1% |
| 2022 | -- | $38,520 -8.8% |
| 2021 | -- | $42,240 +2.5% |
| 2020 | $6,401 +0.1% | $41,220 |
| 2019 | $6,395 +7.2% | $41,220 +44.6% |
| 2018 | $5,965 +8.8% | $28,513 +6% |
| 2017 | $5,484 +10.5% | $26,900 +6% |
| 2016 | $4,963 | $25,380 +0.7% |
| 2015 | $4,963 +62.1% | $25,200 +0.1% |
| 2014 | $3,061 | $25,179 +6% |
| 2013 | -- | $23,761 +6% |
| 2012 | -- | $22,417 +6% |
| 2011 | -- | $21,150 |
| 2010 | -- | $21,150 +0.8% |
| 2009 | -- | $20,983 +6% |
| 2008 | -- | $19,801 +6% |
| 2007 | -- | $18,681 +6% |
| 2006 | -- | $17,625 |
| 2005 | -- | $17,625 +0.8% |
| 2004 | -- | $17,486 +6% |
| 2003 | -- | $16,502 +6% |
| 2002 | -- | $15,568 +6% |
| 2001 | -- | $14,688 |
| 2000 | -- | $14,688 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: East New York
Nearby schools
Schools provided by the listing agent
- Elementary: Ps 214 Michael Friedsam
- Middle: Jhs 218 James P Sinnott
- High: Transit Tech Career And Tech Edu
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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