Property Details
| Property Type |
Multifamily |
| Property Name |
6,923 SF | 238 East 52nd Street | 9 Unit New Development For Sale |
| Primary Broker |
Mendel Jacobson |
| Zoning |
R6 |
Property Description
Introducing 238 East 52nd Street, a multifamily investor's dream. This recently constructed 6,923 SF building offers 9 units, consisting of 6 one-bedroom units and 3 studios, including a stunning penthouse with its own rooftop patio. With a pending 421A and R6 zoning, this property presents a major value add opportunity. The building is fully occupied, and includes free market units, rented under market value, demonstrating the potential for increased revenue. Investors will appreciate the opportunity to capitalize on this prime asset and its strategic location in Brooklyn, NY.
Location Description
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.
Highlights
- 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
- Total Space: 6,923 SF
