2 months on rocket

429 58th St, Brooklyn, NY, 11220

$1,499,999

Home List Price

$10,000*

Closing Credit

10 Bedrooms
3 Full Baths
3,000 SqFt
$500/SqFt
Multi

Location

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429 58th St, Brooklyn$1,499,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
HeatingOther
CoolingOther
BasementYes
FireplaceOther
MLS #486409
StatusActive

About 429 58th St

Discover the potential in one of Brooklyn's most dynamic and desirable neighborhoods—Sunset Park. This expansive three-family home, with three stories above ground and a full basement, presents a fantastic opportunity for investors or those seeking a spacious multi-generational living space. In total, this property offers four floors of versatile living and income potential. With a building size of 20' x 50' on a 20' x 100' lot, the home includes a full basement with a separate entrance, providing even more flexibility for expansions. Located just minutes away from the lively 5th Avenue and 8th Avenue you'll have easy access to an array of restaurants, cafés, bars, and shops, offering everything you need right at your doorstep. Commuting is a breeze with the N, R, and W subway lines just minutes away, making it quick and convenient to reach Manhattan or Downtown Brooklyn. Experience the perfect blend of local charm and city convenience.

Property Details

Property Features

Property Information:

  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: RE/MAX Edge

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes
  • Flooring Type: Other
  • Fireplace: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Parking: None

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,999
  • Price Per SqFt: $500/SqFt

Tax Information:

  • Annual Amount: $7,584
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

429 58th St vs Brooklyn

77 DAYS ON ROCKET

-34 Days

$1,499,999

+$520K More

$500/SqFt

-$202 Less

KEY TAKEAWAY

This property is $520K more than the Median Sold Price and $202/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #486409

Listing Office:

  • Office Name: RE/MAX Edge

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/17/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,584$87,480
2019$7,575$87,480
2018$6,357$32,180
2017$5,969$31,185

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4229619
4
/10

  • P.S. 503: The School Of Discovery

  • 330 59th St

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-4229620
5
/10

  • P.S. 506: The School Of Journalism Technology

  • 330 59th St

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-4229621
6
/10

  • School Of Math, Science, And Healthy Living

  • 6214 4th Ave

  • 0.26 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,695. Residents of Brooklyn, NY typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11220›429 58th St

This home is located at 429 58th St in Brooklyn, NY and zip code 11220 in the Sunset Park neighborhood. Features: 10 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $1,499,999.

In November 2024, from all listings sold in Brooklyn, NY there were more than 28 sold above asking price, over 161 sold below and more than 196 were sold right at the asked price. The inventory of homes for sale in Brooklyn, NY between October 2024 and November 2024 decreased by 10.5%. The median list price of listings available in November 2024 was $979,913, while the average time on the real estate market was 111 days.

From Rocket Homes Real Estate and based on county public records data.

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