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Pending
  • $1,665,000

    723 51st St, Brooklyn, NY 11220

    8beds
    1,600sqft
    Loading
    Multi Family
    Built in 1940
    -- sqft lot
    $1,607,900 Zestimate®
    $1,041/sqft
    $-- HOA

    What's special

    Fully finished basementLarge backyard
    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.
    37 days
    |
    1,251
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tiger Realty 917-708-9966,

    Yan Mei (Jamie) Zheng 347-296-9166

    Source: BNYMLS,MLS#: 502050MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Natural Gas, Hot Water
      Cooling
      • Has cooling: Yes
      Appliances
      • Included: Refrigerator, Stove, Gas Water Heater
      Features
      • Flooring: Other
      • Basement: Finished,Full
      Interior area
      • Total structure area: 1,600
      • Total interior livable area: 1,600 sqft

      Property

      Parking
      • Parking features: Other
      Features
      • Stories: 2
      Lot
      • Size: 1,517 Square Feet
      • Dimensions: 20x80
      • Features: Back Yard
      Details
      • Foundation area: 900
      • Parcel number: 007940071
      • Zoning: R6B
      • Special conditions: Arm's Length

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Vinyl Siding, Other, Brick
      • Foundation: Concrete Perimeter
      • Roof: Tile
      Condition
      • Year built: 1940

      Utilities & green energy

      • Electric: 110 V

      Community & HOA

      Community
      • Subdivision: Brooklyn
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $1,041/sqft
      • Tax assessed value: $1,114,000
      • Annual tax amount: $5,885
      • Date on market: 6/5/2026
      • Cumulative days on market: 200 days

        Estimated market value

        $1,607,900

        $1.53M - $1.69M

        $2,838/mo

        Price history

        DateEventPrice
        7/9/2026Pending sale$1,665,000$1,041/sqft
        Source: BNYMLS #502050 Report a problem
        6/5/2026Listed for sale$1,665,000-0.2%$1,041/sqft
        Source: BNYMLS #502050 Report a problem
        6/5/2026Listing removed$1,668,800$1,043/sqft
        Source: BNYMLS #499253 Report a problem
        3/1/2026Listed for sale$1,668,800-3.5%$1,043/sqft
        Source: BNYMLS #499253 Report a problem
        1/21/2026Listing removed$1,729,900$1,081/sqft
        Source: BNYMLS #497384 Report a problem
        12/14/2025Price change$1,729,900-3.8%$1,081/sqft
        Source: BNYMLS #497384 Report a problem
        11/17/2025Listed for sale$1,799,000+13.9%$1,124/sqft
        Source: BNYMLS #497384 Report a problem
        8/9/2024Listing removed--
        Source: BNYMLS #481853 Report a problem
        5/6/2024Listed for sale$1,580,000+23.4%$988/sqft
        Source: BNYMLS #481853 Report a problem
        3/1/2019Sold$1,280,000-5.2%$800/sqft
        Source: OneKey® MLS as distributed by MLS GRID #H4845490 Report a problem
        12/18/2018Pending sale$1,350,000$844/sqft
        Source: MW Realty & Management Report a problem
        9/23/2018Price change$1,350,000+3.9%$844/sqft
        Source: MW Realty & Management Report a problem
        8/1/2018Listed for sale$1,299,000+664.1%$812/sqft
        Source: MW Realty & Management Report a problem
        4/23/1998Sold$170,000+19.3%$106/sqft
        Source: Public Record Report a problem
        4/22/1996Sold$142,500$89/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,958 +4.5%$66,840 -12.3%
        2024$5,699 $76,200 -16.7%
        2023-- $91,500 +22.2%
        2022-- $74,880 +8.7%
        2021-- $68,880 +0.3%
        2020$5,296 +5.8%$68,640 -9.6%
        2019$5,005 +6%$75,900 +236.3%
        2018$4,722 +7.8%$22,572 +5%
        2017$4,382 +5%$21,496 +3%
        2016$4,172 $20,869 +0.1%
        2015$4,172 +87.4%$20,851 +5.8%
        2014$2,226 $19,704 +4.8%
        2013-- $18,810 +5%
        2012-- $17,914 +3%
        2011-- $17,391 +0.1%
        2010-- $17,376 +5.8%
        2009-- $16,420 +4.8%
        2008-- $15,675 +5%
        2007-- $14,929 +3%
        2006-- $14,493 +0.1%
        2005-- $14,480 +5.8%
        2004-- $13,684 +4.8%
        2003-- $13,063 +5%
        2002-- $12,441 +3%
        2001-- $12,078 +0.1%
        2000-- $12,067
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Sunset Park

        Getting around

        91 / 100
        Walker's Paradise
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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