In the heart of Brooklyn’s 8th Ave Chinatown! Incredible development opportunity on a combined 50×100 lot in a prime, highly sought-after location. Property consists of two physical buildings (845 & 847 59th St) merged into a single tax lot (Lot 58) as a legal 4-family (Tax Class 2A / Building Class C3). Plans for a brand new 16-condo and 3-community facility building are nearing final DOB approval. Site is cleared and ready for your builders. Being sold strictly ‘AS-IS’ and CASH-ONLY sale. No mortgage or structural contingencies will be accepted. Proof of Funds (POF) required prior to any showing or offer submission.
MLS Approve-No financial provided due to property being vacant-dmd
MLS Approve-No financial provided due to property being vacant-dmd
Property Details
Price:
$5,500,000
MLS #:
502701
Status:
Active
Baths:
0
Type:
Multi Family
Subtype:
Multi-Family
Borough:
Brooklyn
Neighborhood:
sunsetpark
Listed Date:
Jul 1, 2026
Finished Sq Ft:
2,072
Year Built:
1925
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Schools
Interior
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Financial
Map
Community
- Address847 59th Street Brooklyn NY
- NeighborhoodSunset Park
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11220
Market Summary
Current real estate data for Multi Family in Brooklyn as of Jul 21, 2026
721
Multi Family Listed
128
Avg DOM
628
Avg $ / SqFt
$1,769,551
Avg List Price
Property Summary
- 847 59th Street Brooklyn NY is a Multi Family for sale in Brooklyn, NY, 11220. It is listed for $5,500,000
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