629 45th Street, New York City, NY 11220
Listing Courtesy of Compass
$1,875,000
Potential Rebate: $28,125
Overview
Welcome to 629 45th Street!
This beautifully maintained legal two-family home combines modern upgrades, classic charm, and strong investment potential. Spanning 2,960 SF, it offers both comfortable living and excellent income opportunities.
The first-floor apartment is a renovated 2-bedroom, 2-bath residence with a private yard and storage shed—perfect for relaxing or entertaining. The second-floor features a spacious 3-bedroom, 2-bath layout. Both units include in-unit washers and dryers, high ceilings, and sleek stainless-steel appliances (including dishwashers), creating a stylish and functional living experience.
Additional highlights include a basement with updated hot water heaters and potential to renovate for additional storage or recreational space.
Currently producing a $7,300/month rent roll with leases through August 31, 2025, this property is ideal for investors seeking immediate cash flow. Alternatively, it can be delivered vacant, making it an excellent option for an owner-occupant or those looking to customize.
Enjoy the best of Brooklyn living with private outdoor space, modern comforts, and a prime location. Whether you’re searching for a smart investment or a place to call home, 629 45th Street is a must-see.
Home Features
- •Electric
- •See Remarks
- •Private Entrance
- •Private Outdoor Space Over 60 Sqft
- •Private Yard
- •Dryer
- •Dishwasher
- •Gas Cooktop
Estimated Monthly Payment
$10,124 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$28,125
Monthly savings impact
$78/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20039403
Price Analysis
Compare average listing prices and value metrics for 629 45th Street against the surrounding Sunset Park market.
Average List Price
Price Per SqFt
55.40% Lower
than the Sunset Park price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Sunset Park
Overview of Sunset Park
Sunset Park is famous for two things: its stunning views of the harbor and its incredible food diversity. A working-class, industrial-residential hybrid, it is home to Brooklyn's Chinatown and a vibrant Latino community. For buyers seeking Sunset Park Brooklyn real estate, it offers pre-war value and an authentic neighborhood feel.
Living in Sunset Park is delicious. From dim sum halls to tacos, the culinary scene is legendary. As a rising Brooklyn NYC neighborhood, it is gaining attention for its Industry City complex.
Real Estate & Housing Market
The market for homes for sale in Sunset Park is primarily co-ops and rowhouses. The "Finnish Co-ops" are famous—historic, affordable apartments built by Finnish immigrants with charming courtyards.
Prices are rising due to the growth of Industry City, but it remains more affordable than Park Slope or Boerum Hill.
Lifestyle & Community
The lifestyle in Sunset Park is family-oriented and busy. 8th Avenue is Chinatown, bustling with markets. 5th Avenue is the heart of the Latino community.
The community is hardworking and diverse. Industry City has added a layer of creative professionals and tech workers to the mix.
Transportation & Accessibility
Sunset Park is served by the D, N, and R trains. The express D/N take you to Manhattan quickly (3 stops).
The NYC Ferry at the Brooklyn Army Terminal offers a scenic commute to Wall Street.
Parks, Schools & Amenities
Sunset Park (the park itself) is the jewel. It sits on a high hill offering one of the best sunsets in New York, with views of the Statue of Liberty and Manhattan skyline. It also has an Olympic-sized swimming pool.
Amenities: Industry City offers food halls, design shops, and Japanese markets (Sahadi's has a second location here).
Who This Neighborhood Is Best For
Sunset Park is best for foodies, value-seekers, and anyone who wants to be near the creative hub of Industry City.
