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557 Eldert LaneBrooklyn, NY 11208

For Sale

$1,399,999

Smart Buyer Rebate $17,500

Welcome to this well-maintained semi-detached 3-family property in the highly desirable Cypress Hills neighborhood (border of Ozone Park), an exceptional investment opportunity with strong income potential. Ideally located just minutes from public transportation (A -train), major highways, shopping, schools, and JFK Airport, this property offers convenience that consistently attracts tenants. This income-producing property features three units, a sprinkler system inside the building, and a skylight that enhances natural light. The first-floor unit includes a handicap-accessible bathroom, expanding tenant appeal. A private driveway accommodating up to four vehicles, along with a one-car attached garage, provides valuable off-street parking—a bonus for tenants. The spacious backyard offers great outdoor space, perfect for tenant enjoyment or added value. Whether you're looking to expand your portfolio or secure a solid multi-family asset in a high-demand rental area, this property checks all the boxes.

Listed by Shobna D. Kowlessar

·

Charles Rutenberg Realty Inc

·

rpfeffer@crrli.net

Last updated March 31, 2026

·

Source: OneKey #978611

Listing Facts

  • TypeMulti-family
  • NeighborhoodCity Line
  • Bedrooms7
  • Bathrooms5
  • Days on Prevu5
  • Taxes$7,113/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/30/2026
Listed by Charles Rutenberg Realty Inc
$1,399,999

Estimated Closing Costs

Total
$51,358
Attorney Fees
$4,000
NYC Mansion Tax
$13,999
Title Insurance
$6,300
Bank Attorney
$1,500
Mortgage Recording Tax
$21,559
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,399,999 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 557 Eldert Lane

Association

Amenities

  • Association Amenities: Park

Exterior

Construction

  • Number Of Units Total: 3
  • Property Condition: Actual
  • Year Built: 1965
  • Construction Materials: Brick

Measurements

  • Building Area Units: Square Feet
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Lot Size Dimensions: 31
  • Lot Size Square Feet: 3,191

Financial

Taxes

  • Parcel Number: 04224-0014
  • Tax Annual Amount: $7,113.00
  • Tax Year: 2026

Interior

Features

  • Flooring: Hardwood
  • Interior Features: Original Details

Rooms

  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 7

Other

Location

  • Tax Block: 4224
  • Tax Lot: 14

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Driveway, Private
  • Parking Total: 4

Schools

Elementary School

  • Elementary School: Ps 214 Michael Friedsam
  • Elementary School District: Brooklyn 19

High School

  • High School: Transit Tech Career And Tech Edu
  • High School District: Brooklyn 19

Middle or Junior School

  • Middle Or Junior School: Jhs 218 James P Sinnott
  • Middle Or Junior School District: Brooklyn 19

Utilities

Equipment

  • Heating: Baseboard, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 7 bedrooms and 5 bathrooms in this multi-family home at 557 Eldert Lane.

What schools are nearby to 557 Eldert Lane?

Nearby schools include the Ps 214 Michael Friedsam Elementary School, Jhs 218 James P Sinnott Middle School, and Transit Tech Career And Tech Edu High School.

Does this multi-family home have parking?

Yes, there is 1 parking space available for 557 Eldert Lane.

What are the annual taxes for 557 Eldert Lane?

Annual taxes for this multi-family home are estimated at $7,113.

How does 557 Eldert Lane compare to other multi-family homes in City Line?

This multi-family home is listed 28% above the average price for multi-family homes in City Line and has been on the market for 55 less days than the typical home in this area.

557 Eldert Lane is a 7-bedroom, 5-bath multi-family home for sale in Brooklyn NY 11208. On Prevu for 5 days at $1,399,999. This residence is located in City Line. The median listing price for multi-family homes in this area is $899,000. Nearby schools include Ps 214 Michael Friedsam Elementary School, Jhs 218 James P Sinnott Middle School, and Transit Tech Career And Tech Edu High School. Property amenities include parking. Browse more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.