For sale

$5,500,000

847 59th St, Brooklyn, NY 11220

--beds

2,072sqft

Multi Family

Built in 1925

-- sqft lot

$1,922,600 Zestimate^®

$2,654/sqft

$-- HOA

What's special

In the heart of Brooklyn's 8th Ave Chinatown! Incredible development opportunity on a combined 50x100 lot in a prime, highly sought-after location. Property consists of two physical buildings (845 & 847 59th St) merged into a single tax lot (Lot 58) as a legal 4-family (Tax Class 2A / Building Class C3). Plans for a brand new 16-condo and 3-community facility building are nearing final DOB approval. Site is cleared and ready for your builders. Being sold strictly 'AS-IS' and CASH-ONLY sale. No mortgage or structural contingencies will be accepted. Proof of Funds (POF) required prior to any showing or offer submission. MLS Approve-No financial provided due to property being vacant-dmd

5 days

185

4

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Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 4
Full bathrooms: 4

Heating

Other

Features

Flooring: None
Basement: Other

Interior area

Total structure area: 2,072
Total interior livable area: 2,072 sqft

Property

Parking

Parking features: Off Site, Other

Accessibility

Accessibility features: Handicap Access

Features

Stories: 2

Lot

Size: 4,958 Square Feet
Dimensions: 50x100

Details

Foundation area: 2750
Parcel number: 057000058
Zoning: C3
Special conditions: Arm's Length

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Other, Brick
Foundation: Other
Roof: Other

Condition

Year built: 1925

Utilities & green energy

Electric: 110 V

Community & HOA

Community

Subdivision: Brooklyn

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $2,654/sqft
Tax assessed value: $1,566,000
Annual tax amount: $9,640
Date on market: 7/1/2026
Cumulative days on market: 6 days

Estimated market value

$1,922,600

$1.75M - $2.11M

$3,954/mo

Price history

Date	Event	Price
7/1/2026	Listed for sale	$5,500,000+189.5%$2,654/sqft
Source: BNYMLS #502701 Report a problem
5/22/2025	Sold	$1,900,000$917/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,032 +4.7%	$93,960 +5.2%
2024	$9,585	$89,340 +8.2%
2023	--	$82,560 -3.7%
2022	--	$85,740 -8.1%
2021	--	$93,300 -10.3%
2020	$8,622 +6.2%	$103,980 +25.8%
2019	$8,122 -2.4%	$82,680 +107.9%
2018	$8,319 +8.5%	$39,770 +5.7%
2017	$7,669 +10%	$37,621 +1.1%
2016	$6,972	$37,203 +6%
2015	$6,972 +71.7%	$35,108 +5.9%
2014	$4,061	$33,142
2013	--	$33,142 +5.7%
2012	--	$31,351 +1.1%
2011	--	$31,003 +6%
2010	--	$29,257 +5.9%
2009	--	$27,619
2008	--	$27,619 +5.7%
2007	--	$26,126 +1.1%
2006	--	$25,836 +6%
2005	--	$24,381 +5.9%
2004	--	$23,016
2003	--	$23,016 +5.7%
2002	--	$21,772 +1.1%
2001	--	$21,530 +6%
2000	--	$20,318

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.

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