DevorahWang
MLS#1051701
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 18
Property Description
350 E 51st St - Listing DescriptionInvestment Opportunity - Legal 6-Unit Building in BrooklynWelcome to 350 E 51st Street, a legal six-unit multifamily property offering an excellent opportunity to acquire an established producing asset in a highly active Brooklyn rental market.The building consists of six residential apartments, including one one-bedroom unit and five two-bedroom units, providing a strong and diversified rent roll. The property is rent stabilized and is currently occupied, making it well suited for an investor looking for an existing multifamily asset with consistent in-place income.The building is in good overall condition and also features an unfinished basement currently utilized for storage, providing additional functional space for the property.Conveniently located in Brooklyn with access to neighborhood shopping, restaurants, schools, parks, public transportation, and major roadways, the property benefits from the consistent rental demand and accessibility that make this area attractive to long-term multifamily investors.Property Highlights:Legal 6-unit multifamily buildingRent stabilized1 one-bedroom apartment5 two-bedroom apartmentsStrong existing rent rollProperty currently occupiedGood overall conditionUnfinished basement utilized for storageEstablished Brooklyn rental locationExcellent opportunity for a long-term multifamily investor
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Partially Finished, Walk-Out Access
Cooling: None
Heating: Baseboard, Oil
Lot Size: 0.06 Acres
Taxes: $19,184
Year Built: 1931
Feature Descriptions
Building Area Total: 6150
Exterior: Brick
Fuel Expense: 5000
On Market Date: 2026-09-16
Other Expense: 3000
Parcel Number: 04676-0011
Parking Features: Off Street
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected
Water: Public
Local Schools
High School: Brooklyn Bridge Academy
Middle School: Middle School Of Media Law And Fine Arts (The)
Elementary School: Ps 268 Emma Lazarus
School District: Brooklyn 18
Listed By / Shown By
Listing By
Agency Name: 1st American One NYC LTD
Agency Phone: 516-376-9720
Shown By
Agent Name: Devorah Wang
Agent Phone: Cell: (516) 721-2851
Agency Title: Coldwell Banker American Homes
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350 E 51st Street | MLS# 1051701
This commercial property located at 350 E 51st Street , Brooklyn, NY 11203 is currently listed for sale with an asking price of $999,999. E 51st Street is located within the Brooklyn 18 school district. Search Brooklyn real estate on devorahwang.cbamhomes.com today.