235 51st St - Multi-Family FOR SALE


Brooklyn, NY 11220- Sunset Park
$2,638,525 USD
917-513-3600
235 51st St, Brooklyn, NY for Sale
$2,638,525 USD
Multi-Family - FOR SALE
1/22
null | 4% Cap Rate

235 51st St
Brooklyn, NY 11220
Sunset Park


HIGHLIGHTS

  • Fully Occupied - Offered at 4% Capitalization Rate - Exceptional Prime 1031 Exchange Investment
  • Exceptional Development Site - Buildable 12,000 Community Sqft Allowed (FAR 6)
  • Each of the Modern 3 units has their own water heater, and boiler
  • Each Upscale Apartment feature: Hardwood floors, central air, high ceilings, and quality 8' contemporary doors.

OVERVIEW

I am pleased to present this Prime Sunset Park Investment of a fully occupied 3 family Modern Sleek townhouse fully rented sitting on a rare lot with commercial overlay. In addition to the existing 3 family townhouse, this lot permits an exceptional investment potential of 12,000 community buildable square feet. ( to be consulted with an architect). This house was gut renovated in 1997. Each of the 3 upscale modern apartments features: 2 bathrooms per unit, great lighting, high ceilings, wood-ply high end quality kitchen cabinets with wood-like veneer, central HVAC, individual boilers per unit, and matching high contemporary doors for each bedroom, laundry-room, bathrooms, and boiler room. Close to the Ferry, R and N train, Battery Park, Industry City, the cluster of warehouses on cobblestone streets hosts Smorgasburg, The Brooklyn Flea, Mister Sunday, galleries, tech conferences, rooftop movie screenings, and countless artisan shops. This location is also in close proximity to NYU Langone Hospital, which makes this location optimal for residential and all community based businesses. Such as, medical, schools, daycare centers, etc. The allowable 12,000 buildable community square feet makes this location ideal for developing a mixed use building for any developer.

FOR SALE DETAILS

PRICE

$2,638,525 USD

PRICE/SF

$660 USD /SF

# OF UNITS

3

PRICE/UNIT

$879,508

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1031 Exchange - Development Site 12,000SF

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,003 SF

ZONING

M1-2D Manufacturing

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Maryann GiaramitaOxford Property GroupMore Info
917-513-3600

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Maryann GiaramitaOxford Property GroupMore Info
917-513-3600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.