RealtyLens
for saleRealtyLens property overview
$2,300,000

5401 2nd Ave

Brooklyn, NY, 11220
View more Brooklyn, NY property pages
N/ABeds
2Baths
1,900Sqft
$1211$/sqft

Listing Notes

Land for sale, Zoning R6A, C1-3, potential for 10 condos and 2 commercial spaces.

Market Insights

Above nearby median+68%

$1211/sqft vs a nearby median of $720/sqft.

Nearby median$720/sqft
Nearby properties8
Property size1,900 sqft
  • +68% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,900 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.45M$1.28M – $1.62M · 25% confidence
vs ask $2.30M+$849k (+36.9%)

Asking price is about 36.9% above where comps + adjustments land — there is room to negotiate.

$775/sqft median across 3 tight comps × 1,900 sqft= $1.47M
  • Days-on-market gravity−$44k −3.0%
  • Pre-war character+$37k +2.5%
  • Sparse street life−$22k −1.5%
  • Transit access+$7k +0.5%
Cumulative NYC adjustments−$22k−1.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+68% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
524 days
Last price change
No change recorded
Listed
Dec 4, 2024
Photos
2 photos
Property type
multi family
Status
for sale

Features & Amenities

Central AirTwo Or More Stories

Building Facts

Year built
1899
Stories
2
Total units
1
Residential units
1
Building area
1,900 sqft
Lot size
2,500 sqft
Land use
One and two family buildings
Building class
A1

From NYC public records where available.

Price History

May 4, 2026Initial record
$2,300,000for sale

Public Records

DOB violations0 open

0 total recorded against the building

HPD violations5 open

5 total recorded

ACRIS documents24

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)31,227

Top: illegal parking

Top complaint types in ZIP 11220

  • Illegal Parking7,350
  • Blocked Driveway2,421
  • Noise - Residential2,077
  • HEAT/HOT WATER1,694
  • Noise - Street/Sidewalk1,477

Recent HPD

  • Feb 13, 2004Class B · SECTION 27-2026 ADMIN. CODE: REPAIR BY CLOSING SO AS TO BE GAS TIGHT ALL OPENINGS IN THE SANITARY LINES CELLAR REAR
  • Feb 13, 2004Class B · SECTION 27-2026 ADMIN. CODE: REMOVE ALL OBSTRUCTIONS AND REPAIR ALL DEFECTS IN THE DRAIN NORTH SIDE ENTRANCE TO CELLAR AND SANITARY LINES CELLAR REAR
  • Feb 13, 2004Class B · SECTION 27-2027 ADMIN. CODE: PROPERLY REPAIR THE BROKEN OR DEFECTIVE PAVING REAR YARD
  • Feb 13, 2004Class B · SECTION 27-2005 ADMIN. CODE: PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE PLASTER BOARD CEILING CELLAR REAR

Recent Transfers (ACRIS)

  • May 4, 2022DEED$1,025,000

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.

5401 2nd Ave, Brooklyn, NY, 11220 | RealtyLens