Andrea Mahoney - Smitchger Realty Logo
$849,999
( $138.21Per Sq Foot )
 $4,563 est/mo Sourced by Back At You

350 E 51st Street,Brooklyn, NY 11203

Brooklyn, NY 11203

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Description

350 E 51st St - Listing Description Investment Opportunity - Legal 6-Unit Building in Brooklyn Welcome to 350 E 51st Street, a legal six-unit multifamily property offering an excellent opportunity to acquire an established producing asset in a highly active Brooklyn rental market. The building consists of six residential apartments, including one one-bedroom unit and five two-bedroom units, providing a strong and diversified rent roll. The property is rent stabilized and is currently occupied, making it well suited for an investor looking for an existing multifamily asset with consistent in-place income. The building is in good overall condition and also features an unfinished basement currently utilized for storage, providing additional functional space for the property. Conveniently located in Brooklyn with access to neighborhood shopping, restaurants, schools, parks, public transportation, and major roadways, the property benefits from the consistent rental demand and accessibility that make this area attractive to long-term multifamily investors. Property Highlights: Legal 6-unit multifamily buildingRent stabilized1 one-bedroom apartment5 two-bedroom apartmentsStrong existing rent rollProperty currently occupiedGood overall conditionUnfinished basement utilized for storageEstablished Brooklyn rental locationExcellent opportunity for a long-term multifamily investor

Details

MLS #1051701
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1931
Days On Site54
Listing Provided By1st American One NYC LTD | Jackson Cortez

Features

SQ Feet6,150
BasementY
Units6
ZoningR5
Acreage0.06

Interior

CoolingNone
HeatingBaseboard, Oil

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesOff Street

Utilities

UtilitiesElectricity Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value383850
Tax Annual Amount19184.04

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11203
School DistrictBrooklyn Bridge Academy
Elementary SchoolPs 268 Emma Lazarus
High SchoolBrooklyn Bridge Academy
Listing VS Median (in 11203)
Price:
$849,999
low | high
Med:
$842,000
50.941059930659% of Average
sqft:
6,150
low | high
Med:
1,339
100% of Average
$ / sqft:
$138
low | high
Med:
$629
100% of Average
On site:
54
low | high
Med:
90
60% of Average
Sourced by Back At You

Market Activity 11203

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Additional Information

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Contact

Learn More About This Property

Andrea Mahoney

Andrea Mahoney

Smitchger Realty

 (845) 554-4792andreamahoney920@gmail.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11203
School DistrictBrooklyn Bridge Academy
Elementary SchoolPs 268 Emma Lazarus
High SchoolBrooklyn Bridge Academy
Listing VS Median (in 11203)
Price:
$849,999
low | high
Med:
$842,000
50.941059930659% of Average
sqft:
6,150
low | high
Med:
1,339
100% of Average
$ / sqft:
$138
low | high
Med:
$629
100% of Average
On site:
54
low | high
Med:
90
60% of Average
Sourced by Back At You
Listing Updated: October 6, 2026 at 1:39:05 PM PDT

Andrea Mahoney - Smitchger Realty