We are most proud to introduce this wonderful mixed use building in the upcoming East New York/Brownsville section of Brooklyn. This brick beauty is ideal for an investor or eventual end user. Two (2 bedroom apartments) that are leased to very good paying tenants and 1st floor commercial space that is leased and well established. The first floor is updated, high ceilings, and access to lovely yard/garden area. The mechanicals have been updated and features a modern gas boiler and oversized hot water heater. The electric panels are modern. This wonderful brick property will be a fine addition to an investment portfolio. Conveniently located 1 block from the L train and only a 30 minute commute to Manhattan. Please note this is a short sale subject to bank approval.
Sold for $500,000 on 01/16/25
$500,000
530 Sutter Ave, Brooklyn, NY 11207
4beds
3,120sqft
Apartment
Built in 1935
-- sqft lot
$1,288,800 Zestimate®
$160/sqft
$6,654 Estimated rent
Home value
$1,288,800
$1.22M - $1.35M
$6,654/mo
Zestimate® history
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What's special
Facts & features
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2025 | Price change | $1,288,000-2.8%$413/sqft |
Source:  OneKey® MLS #861462 | ||
| 5/13/2025 | Listed for sale | $1,325,000+165%$425/sqft |
Source: OneKey® MLS #861462 | ||
| 1/16/2025 | Sold | $500,000+4999900%$160/sqft |
Source: Public Record | ||
| 6/5/2024 | Sold | $10-100% |
Source: Public Record | ||
| 10/25/2023 | Listed for sale | $748,900+97.1%$240/sqft |
Source:  BNYMLS #477827 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,745 | $39,360 -5.6% |
| 2023 | -- | $41,700 -7.5% |
| 2022 | -- | $45,060 +11.8% |
Find assessor info on the county website
Neighborhood: East New York
Nearby schools
GreatSchools rating
- 7/10Ps 328 Phyllis WheatleyGrades: PK-5Distance: 0.1 mi
- 5/10Jhs 292 Margaret S DouglasGrades: 6-8Distance: 0.4 mi
- 5/10Performing Arts and Technology High SchoolGrades: 9-12Distance: 0.2 mi