About this home

Excellent opportunity to own a brick, three-family home in the heart of Sunset Park, Brooklyn! This multi-family property features three separate residential units, each offering 2 bedrooms and 1 full bathroom, with a finished basement providing additional versatile space for recreation, storage, or other potential uses, subject to applicable regulations. Ideal for both investors seeking rental income and owner-occupants looking to offset their mortgage with rental income, this property offers a practical layout with multiple possibilities. The solid brick exterior and three-family configuration make it an attractive opportunity for those looking to expand their real estate portfolio or accommodate extended family. Conveniently located in Sunset Park, this property offers easy access to neighborhood shopping, supermarkets, local restaurants, bakeries, and everyday essentials. The surrounding area features a vibrant, diverse community with a wide variety of dining options and neighborhood businesses, making daily living convenient and enjoyable. Transportation is another major advantage, with access to nearby public transportation connecting residents to other parts of Brooklyn and Manhattan. Schools, parks, houses of worship, and other community amenities are also available throughout the neighborhood. Whether you are looking for a multi-family investment, a property to accommodate multiple generations, or an opportunity to generate rental income, 319 48th Street presents a compelling combination of space, versatility, and neighborhood convenience. Don't miss this opportunity to own a three-family brick property in a well-established Brooklyn neighborhood!. The property is 16 x 45, lot 16 x 100. The property will be delivered vacant by the closing.

Facts and features

Schools

• Ps 1 The Bergen

  elementary · K-5 · 0.1 mi

  5

• Al Madrasa Al Islamiya

  elementary · K-8 · 0.2 mi

• GLOBAL INNOVATORS ACADEMY

  elementary · 6 · 0.3 mi

  7

• Brooklyn Prospect Charter School-CSD 15

  middle · 8-12 · 0.4 mi

  10

• Al Madrasa Al Islamiya

  elementary · PK-8 · 0.3 mi

• Sunset Park Avenue Elementary School

  elementary · K-5 · 0.3 mi

  5

Price history

• Oct 13, 2026 · Listed$1,075,000
• Oct 4, 2005 · Sold$610,000
• Dec 20, 1988 · Sold$185,000
• Sep 11, 1985 · Sold$75,000
• Jun 1, 1982 · Sold$30,000

Tax history

• 2026$5,267 tax · $61,200 assessed
• 2025$4,908 tax · $61,200 assessed
• 2024$4,749 tax · $63,420 assessed
• 2023$4,802 tax · $66,480 assessed
• 2022$4,680 tax · $72,840 assessed
• 2021$3,525 tax · $69,360 assessed
• 2020$4,417 tax · $70,620 assessed
• 2019$4,121 tax · $60,660 assessed

Home value

$1,483,000

• Collateral Analytics$1,483,000
• Quantarium$1,366,952

Where it is