723 51st St

New York NY 11220

1600 sq. ft.

1517 sq. ft.

Multi-Family

Last sold for $1,393,000

Yan Mei Zheng, last sold this property on 21 September 2026 after 308 days on market.

Overview

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.

Features

8 bedrooms

4 bathrooms

1600 sq. ft. floor area

1517 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in New York over the last 12 months, the estimated median property value of 723 51st St is $1.5m.

Median value

$1.5m

Estimated value range

$930k - $1.73m

Median days on market

Estimated value trend

11%

increase over the last 12 months

Average days on market is based on recent, comparable sales in New York. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 723 51st St

2026

Sold

$1,393,000

21 Sep 2026 by Yan Mei Zheng, of Tiger Realty

2019

Sold

$1,280,000

01 Mar 2019 by Yu Wu, of MWR Real Estate INC

Happy sellers in New York

We have insufficient information to provide an overview of customer satisfaction for New York. Viewing the agent profiles, reviews and sales for New York can provide insights for this location.