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

238 East 52nd Street, Brooklyn, NY 11203

  • For Sale $4,550,000
  • 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

Contacts

broker

Shlomi Bagdadi

Tri State Commercial® Realty Services

(718) 437-6100

Location

Getting Around

  • Walk Score ®

    89/100 Very Walkable
  • Transit Score ®

    75/100 Excellent Transit
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • 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

  • Eastern Fruits and Vegetables

    2.71 miles

  • Cielo Garage

    2.73 miles

  • Car Park Systems

    2.79 miles

  • US Postal Service

    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

  • McDonald's

    0.11 miles

  • "diner"

    0.24 miles

  • Dunkin'

    0.27 miles

  • McDonald's

    0.35 miles

  • White Castle

    0.58 miles

  • Dunkin'

    0.64 miles

  • Subway

    0.68 miles

  • Popeyes

    0.69 miles

  • Amy's Kitchen

    0.71 miles

  • Dunkin'

    0.72 miles

  • Middle School Of Marketing And Legal Studies

    0.25 miles

  • Public School 135 - Sheldon A. Brookner

    0.25 miles

  • Intermediate School 232

    0.25 miles

  • Arts And Media Preparatory Academy

    0.26 miles

  • East Flatbush Community Research School

    0.27 miles

  • Kanut

    0.28 miles

  • Intermediate School 252

    0.52 miles

  • Middle School For Art and Philosophy

    0.52 miles

  • Kings Collegiate Charter Academy

    0.52 miles

  • Public School 244

    0.53 miles

  • Brooklyn Kids Academy

    1.03 miles

  • Lefferts Gardens Montessori

    1.30 miles

  • Kiddie Science

    1.31 miles

  • Blue Star Academy

    1.46 miles

  • Hawthorne Corners Day Care

    1.46 miles

  • Bambi Early Education and Child Care

    1.51 miles

  • Elite Early Childhood Learning Center

    1.55 miles

  • Garden of Learning

    1.68 miles

  • Maple Street School

    1.68 miles

  • Park Place Day Care

    1.68 miles

Frequently Asked Questions

What is the lease rate for For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate?

Rental asking rate at For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate is $2,275,000.00/YR.

What is the total square footage of For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate?

For Sale | East Flatbush Value Add Portfolio | 8% Cap Rate totals 6,923 square feet.

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Contact Listing Broker

broker

Shlomi Bagdadi

Tri State Commercial® Realty Services

(718) 437-6100