For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate
238 East 52nd Street
Brooklyn, NY 11203
FOR SALE
Property Type:
MultiFamily ApartmentsAmount:
$4,550,000
Last Verified:
Apr 04, 2024Highlights
- This nine-unit new development was recently constructed and is ready to be marketed and leased. It is comprised of six one-bedroom units and three studios, one of them being a penthouse unit with its own rooftop patio. It also has a pending 421A, which can help reduce major annual costs.
- 238 E 52nd St
- 9 units
- 6 one-bedrooms
- 3 studios
- Penthouse with rooftop patio
- Pending 421A
- R6 zoning
- 6,923 SF
- 822 Lenox
- 3 units
- Recently renovated
- Rented under market value
- Free market units
- Major value add
- Fully occupied
- R6 zoning
- 1,400 SF
Description
238 E 52nd St and 822 Lenox for Sale
A growing residential area with a massive need for newly renovated and affordable apartments. This property caters to a diverse mix of potential tenants and has a major upside for an outside investor.
Located in the East Flatbush neighborhood of Brooklyn near the Sutter Ave - Rutland Rd subway station.
Nearest Transit: 2, 3, 4, & 5 trains at Sutter Ave - Rutland Rd and the B46 & B35 bus lines.
Building Size: 6923sq ft
Lot Size: 0.08 acres
