Log In/Sign Up
Your email has been sent.
522 E 51st St 6 Unit Apartment Building $970,408 CAD ($161,735 CAD/Unit) 4.19% Cap Rate Brooklyn, NY 11203
Investment Highlights
- Rent-stabilized six-unit property situated in Brooklyn’s East Flatbush neighborhood.
- Accessible to major subway lines (2/5) and local bus routes, enhancing public transit connectivity.
- Located within a high-density residential zone (R5) offering strong demand dynamics.
- Supported by a walkable urban environment with nearby retail, educational institutions, and essential services.
Executive Summary
Rent stabilized 6 family sold as-is. Buyer encouraged to do all necessary due diligence prior to making an offer. Bank owned property and financials shared in the attached brochure were provided by receiver but have not been verified.
Property Facts
| Price | $970,408 CAD | Property Subtype | Apartment |
| Price Per Unit | $161,735 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.19% | Building Size | 5,670 SF |
| Sale Condition | REO Sale | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price | $970,408 CAD |
| Price Per Unit | $161,735 CAD |
| Sale Type | Investment |
| Cap Rate | 4.19% |
| Sale Condition | REO Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,670 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04722-0028 | Improvements Assessment | $485,787 CAD |
| Land Assessment | $6,212 CAD | Total Assessment | $492,000 CAD |
Property Taxes
Parcel Number
04722-0028
Land Assessment
$6,212 CAD
Improvements Assessment
$485,787 CAD
Total Assessment
$492,000 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
522 E 51st St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.