1551 39th Street
Description
Located in a highly desirable neighborhood with great potential for income and future development. This property offers three spacious 2-bedroom units with kitchens and dining rooms, plus one 1-bedroom unit with a kitchen and dining room. Features a finished basement. Good condition. Lot size: 20' x 100' | Building: 20' x 80' | Zoned R6. Perfect for investors, developers, or end-users. The neighboring four-family property is also for sale — same...Fantastic Four-Family Home – Borough Park/Kensington
Located in a highly desirable neighborhood with great potential for income and future development. This property offers three spacious 2-bedroom units with kitchens and dining rooms, plus one 1-bedroom unit with a kitchen and dining room. Features a finished basement. Good condition. Lot size: 20' x 100' | Building: 20' x 80' | Zoned R6. Perfect for investors, developers, or end-users. The neighboring four-family property is also for sale — same configuration and zoning. Opportunity to purchase individually or together as a package deal. Great value in a sought-after Borough Park location!
- Listed by Ichok Landau • Real Broker NY LLC
Amenities
- Walk Up
- Formal Dining Room
- Basement
- Private Outdoor Space
- Parking Included
- Lowrise
Property Details for 1551 39th Street
| Status | Active |
|---|---|
| MLS ID | 491025 |
| Days on Market | 58 |
| Taxes | $14,787 / year |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | - |
| Compass Type | Multi Family |
| MLS Type | Residential |
| Year Built | 1930 |
| Lot Size | 1,903 SF / 20' x 95' |
| County | Kings County |
Building
1551 39th St
Location
Building Information for 1551 39th Street
Payment Calculator
$14,331 per month
30 year fixed, 6.845% Interest
$13,099
$1,232
$0
Property Information for 1551 39th Street
- Block: 5366
- Cross Street Name: 15th Av
- Cross Street Name: 16th Av
- Zoning: R6
- Roof: Flat
- Residential Features: A/C Unit - Window, Refrigerator, Stove
- Parking Feature Single: None
- Financing: 1031 Exchange, Bank Mortgage, Cash
- Tax Amount: 14787.0
- Gross Expense: 22837.0
- Gross Income: $86,400.00
- Miscellaneous Expense: 1000.0
- Cap Rate: .03%
- Gross Lease: 0.0
- Sq Ft Total: 3256
- Yard: Front
- Lot Number: 54
- Lot Size Irregular YN: No
- Lot Size Length: 95
- Lot Size Width: 20
- Heat Delivery: Steam/Radiator
- Heating Fuel: Gas
- AC Units: 4
- Hot Water: Gas
- Utility Expense: 1250.0
- Fuel Expense: 2900.0
- Basement Amenities: Finished, Full, Separate Entrance
- Baths Three Quarter: 0.0
- Foundation Details: Other
- Flooring: Hardwood
- Unit Count: 4
- Building Amenities: NONE
- Construction Materials: Brick
- Electric: Circuit Breakers
- Exterior: Brick
- Handicap Access YNU: Unknown
- Building Footprint Sq Ft: 1620.0
- Building Length: 81.0
- Building Type: Semi-Detached
- Building Width: 20.0
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0.0
- Unit Baths Total: 1
- Unit Bedrooms Total: 1
- Unit Category: Apt
- Unit Current Rent: 1800.0
- Unit Floor: 1F
- Unit Rooms Total: 4
- Unit Status: No Lease
- Unit Unit Type: 1 Bedroom
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0.0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Current Rent: 2280.0
- Unit Floor: 2F
- Unit Rooms Total: 5
- Unit Status: No Lease
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Current Rent: 2280.0
- Unit Floor: 2R
- Unit Rooms Total: true
- Unit Status: No Lease
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 9
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 9
- Unit Bedrooms Total: 1
- Unit Category: Apt
- Unit Current Rent: 2280.0
- Unit Floor: 1R
- Unit Rooms Total: true
- Unit Status: No Lease
- Unit Unit Type: 2 Bedrooms
- Net Operating Income: 63563.0
- Sale Type: Arm's Length
- Insurance Expense: 2000.0
- Owner Occupied: No
- Rent Income: 86400.0
- Rent Income Period: 12
Property History for 1551 39th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 21, 2025 | Listed (Active) BKMLS #491025 | $2,500,000 | — |
| Sep 1, 1997 | Sold BKMLS #45386 | $260,000 | — |
| Sep 1, 1997 | Contract Signed BKMLS #45386 | — | |
| May 5, 1997 | Listed (Active) BKMLS #45386 | $310,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/21/2025 | Listed (Active) BKMLS #491025 | $2,500,000 |
| 09/01/1997 | Sold BKMLS #45386 | $260,000 |
| 09/01/1997 | Contract Signed BKMLS #45386 | — |
| 05/05/1997 | Listed (Active) BKMLS #45386 | $310,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1551 39th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 164 Caesar Rodney PublicPK to 5 | ||
Jhs 223 The Montauk Public6 to 8 | ||
Franklin Delano Roosevelt High School Public9 to 12 | ||
Urban Assembly School for Leadership and Empowerment Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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