222 E 51st St - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11203- East Flatbush
$3,999,000 USD
786-246-1709
222 E 51st St, Brooklyn, NY for Sale
$3,999,000 USD
Storefront Retail/Residential - FOR SALE
1/53
null | 6.43% Cap Rate

222 E 51st St
Brooklyn, NY 11203
East Flatbush


HIGHLIGHTS

  • 40,000 Cars Per Day on Clarkson Ave and 60,000 Cars Per Day at Utica Ave
  • Corner Lot
  • Fully Renovated, New Boilers, New Windows, New Wood Floors, New 90 Min Doors etc......

OVERVIEW

Fully Renovated Mixed-Use Property for Sale – 850 Clarkson Ave This turnkey, property is an exceptional investment opportunity, delivered fully occupied for immediate cash flow. Residential Units Total of four modern apartments: (2) four-bedroom units (2) two-bedroom units Each unit equipped with its own dedicated boiler for independent heating All residential tenants guaranteed by the Section 8 program, ensuring stable, government-backed rental income Commercial Space Street-level store fronts, fully renovated Separate utilities for commercial tenants Investment Highlights Projected NOI: $257,000 Owner pays only for water and common area electricity Updated systems throughout: plumbing, electrical, and heating High rental demand in a rapidly developing neighborhood Strong Future Growth Potential The property is located near major developments that will add over 1,000 new residential units within a 2-mile radius by 2026: 329 Clarkson Ave (Clarkson Estates): 328 units under development – Learn more 564 Utica Ave (Utica Crescent): 325 units planned – Learn more These projects are expected to further boost local demand and long-term value.

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

New Village Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6 Brooklyn (S9)

APN/PARCEL ID

04637-0010

ASK ABOUT THIS PROPERTY

Nixon IzgelovNixon IzgelMore Info
786-246-1709

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Nixon IzgelovNixon IzgelMore Info
786-246-1709

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