212-837-4665
50 Clarkson Ave, Brooklyn, NY for Sale
Apartments - FOR SALE
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50 Clarkson Ave
Brooklyn, NY 11226
Flatbush-Ditmas Park


HIGHLIGHTS

  • 93-unit newly constructed (2021) luxury residential building with parking
  • 93-unit newly constructed (2021) luxury residential building with parking
  • 35-year 421-a tax abatement commenced December 2021 — approximately 30 years remaining
  • 35-year 421-a tax abatement commenced December 2021 — approximately 30 years remaining
  • Steps to 2 and 5 subway lines — direct access to Downtown Brooklyn and Midtown Manhattan
  • Proximate to Prospect Park, SUNY Downstate, Medgar Evers College, Brooklyn College, and Kings Theatre

OVERVIEW

GFI Realty Services is pleased to present the exclusive offering of 50 Clarkson Avenue, a newly constructed ninestory, 93-unit luxury residential building with parking, located in the Flatbush section of Brooklyn. Completed in 2021, the property sits on a 16,400 square-foot lot and totals 93,789 square feet of residential space. The unit mix comprises seven studios, 56 one-bedroom, and 30 two-bedroom apartments, each delivered with high-end finishes including white oak flooring, high ceilings, and floor-to-ceiling windows. The building features a full amenity package including a fitness center, common courtyard, and media lounge. A 35-year tax abatement commenced December 2021, providing a significant and durable reduction in operating costs that substantially enhances cash-on-cash returns throughout the hold period. 50 Clarkson Avenue is ideally positioned just half a block from the Flatbush Avenue commercial corridor and within blocks of Prospect Park, SUNY Downstate Medical Center, Medgar Evers College, Brooklyn College, and the Kings Theatre. The 2 and 5 subway lines are located steps from the property, providing direct access to Downtown Brooklyn and Midtown Manhattan.

FOR SALE DETAILS

PRICE

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# OF UNITS

93

CAP RATE

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% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

50 Clarkson

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

2021

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R7A

APN/PARCEL ID

05064-0036

ASK ABOUT THIS PROPERTY

Traci-Lea DixonGFI Realty ServicesMore Info
212-837-4665

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Traci-Lea DixonGFI Realty ServicesMore Info
212-837-4665

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