For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate

For Sale

238 East 52nd Street, Brooklyn, NY 11203

This Brooklyn property for sale is located at 238 East 52nd Street. The current listed sale price for For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate is $4,550,000. For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate is situated on a lot that is 0.08 acre in size.

Contacts

broker

Shlomi Bagdadi

Tri State Commercial® Realty Services

(718) 437-6100

Property Details

  • Property Type Multi-Family
  • Property Size 6,923 SF
  • Units 9
  • Lot Size 0.08 Acre
  • Date Updated Apr 5, 2024
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.238 E 52nd St and 822 Lenox for Sale

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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
  • 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

Getting around

  • 89/100

    Walk Score ®

  • 75/100

    Transit Score ®

  • 53/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Brooklyn, NY
  • Neighborhood East Flatbush
  • Zip Code 11203
  • Market Brooklyn

Points of Interest

  • Sutter Avenue–Rutland Road

    0.75 miles

  • Saratoga Avenue

    0.80 miles

  • Crown Heights–Utica Avenue

    0.95 miles

  • Church Avenue

    1.12 miles

  • Winthrop Street

    1.12 miles

  • Rockaway Avenue

    1.18 miles

  • Kingston Avenue

    1.21 miles

  • Beverly Road

    1.25 miles

  • Sterling Street

    1.27 miles

  • President Street–Medgar Evers College

    1.45 miles

  • BP

    0.98 miles

  • BP

    1.13 miles

  • BP

    1.33 miles

  • BP

    1.44 miles

  • BP

    1.52 miles

  • Gulf

    1.54 miles

  • Shell

    1.55 miles

  • Speedy Gas

    1.55 miles

  • Speedway

    1.57 miles

  • Getty

    1.69 miles

  • Kings County Parking Garage

    0.62 miles

  • Pathmark

    1.37 miles

  • Havens Place Lot

    1.98 miles

  • The Brooklyn Museum and Botanic Garden

    2.14 miles

  • Underhill Garage

    2.47 miles

  • Rapid Park

    2.55 miles

  • Shang Chai

    2.66 miles

  • Eastern Fruits and Vegetables

    2.71 miles

  • Cielo Garage

    2.73 miles

  • Car Park Systems

    2.79 miles

  • Surface Inn

    1.44 miles

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    1.67 miles

  • The Brooklyn Riviera Hostel

    1.76 miles

  • Best Western

    1.90 miles

  • La Quinta

    1.98 miles

  • Lexington Inn - Brooklyn NY

    1.99 miles

  • The Brooklyn Hotel

    2.01 miles

  • hull

    2.10 miles

  • Neptune Hotel

    2.33 miles

  • Broadway Hotel

    2.90 miles

  • Pathmark

    0.27 miles

  • Ideal Food Basket

    0.30 miles

  • Associated Supermarket

    0.55 miles

  • Ideal Food Basket

    0.59 miles

  • Grocery Store

    0.62 miles

  • Key Food

    0.71 miles

  • Green Acre Farms

    0.76 miles

  • Fine Fare

    0.84 miles

  • Ideal Food Basket

    0.94 miles

  • Ideal Food Basket

    1.06 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Shlomi Bagdadi

Tri State Commercial® Realty Services

(718) 437-6100