717 58th Street

New York NY 11220

11360 sq. ft.

4007 sq. ft.

Multi-Family

Last sold for $2,900,000

Jason Zhou, last sold this property on 12 November 2025 after 344 days on market.

Overview

Rare-Find Excellent Investment Opportunity for this 16-Family with 10 Vacant Apartments is located in the center of Prime Sunset Park Neighborhood. Potentially about $300,000 annual gross income and about $200,000 in net operating income with 6.5% CAP rate. Building size 40x86' with approx. 11,360 square feet living space is sitting on 40x100.17 lot. Numerous improvements and upgrades have been done for the past couple months. The 16 apartments are consisting of 3 two-bedroom and 13 oversized one-bedroom apartments that can be easily converted into 2 bedrooms OVER full basement with separate entrance. Won't Last!

Features

19 bedrooms

16 bathrooms

11360 sq. ft. floor area

4007 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 19 bedroom multi families sold in New York over the last 12 months.

Property history for 717 58th Street

2025

Sold

$2,900,000

12 Nov 2025 by Jason Zhou, of REMAX Edge | Brooklyn

Happy sellers in New York

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