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355 58th St, Brooklyn, NY, 11220

24beds
9baths
6,916sqft
$1,850,000
$267price/sqft
$11,800/moest. monthly cost
$472,000/yrincome needed

About This Home

Rare oversized 8-family investment property in the heart of Sunset Park! Situated on a 27' x 100' lot with an impressive 27' x 70' building size, this well-maintained property features 8 spacious 3-bedroom apartments and 9 full bathrooms. Four stories with 2 apartments per floor over a full basement with a separate entrance. Currently generating approximately $160,260 in annual income with an attractive 6.65% cap rate. Excellent long-term investment opportunity in one of Brooklyn's most sought-after neighborhoods. Conveniently located near shopping, restaurants, schools, and public transportation. Strong rental demand and stable cash flow make this a rare find for investors.

Getting Around

94
WalkingWalker's Paradise
0
TransitVery Limited Transit
80
BikeVery Bikeable

Schools

5/10
10/10
Jhs 220 John J PershingGrades 6-80.9 mi
4/10
Fort Hamilton High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1906

Type & Style

  • Home type: SingleFamily
  • Property subType: Rental Unit

Interior

Bedrooms & Bathrooms

  • Bedrooms: 24
  • Bathrooms: 9
  • Full bathrooms: 9

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 6,916
  • Total interior livable area: 6,916 sqft

Property

Details

  • Special condition: Resale

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,354$112,248
Home Insurance *$441$5,292
Property Taxes $863$10,356
Electricity $1,142$13,715
Total$11,800$141,600
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$404,571/yr
40% on housing$354,000/yr
45% on housing$314,666/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$267This listing

vs Other Active Listings

Avg $/sqft

ZIP 11220$878
Kings County$698

vs Homes Sold Last Month

Median $/sqft

ZIP 11220$660
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-10Listed for sale$1,850,000

For Sale by Agent

AgentJason Zhou
BrokerageRemax Edge

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