350 E 51st Street Brooklyn, NY $ 999,999
350 E 51st Street
$ 999,999
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350 E 51st Street

Brooklyn, NY, 11203
$ 999,999
Bedrooms-- Baths-- Sq 6,150

Monthly Estimate*

$ 6,314

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Commercial Property for sale in Brooklyn, NY

for $999,999. This 6,150 square foot building was built in 1931 on a lot size of 0.0574.

350 E 51st St – Listing Description Investment Opportunity – Legal 6-Unit Building in Brooklyn Welcome 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 building Rent stabilized 1 one-bedroom apartment 5 two-bedroom apartments Strong existing rent roll Property currently occupied Good overall condition Unfinished basement utilized for storage Established Brooklyn rental location Excellent opportunity for a long-term multifamily investor

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Commercial Active

Price

$ 999,999

Property Type

Commercial

Taxes

$ 19,184

Style

Multi Family

Lot Size

0.0574

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

1051701

Features
General
Sewer Public Sewer
Heating Baseboard Oil
Cooling None
Utilities Electricity Connected
Zoning R5
Construction Materials Brick
Year Built 1931
Property Subtype Multi Family
Tax Year 2025
Parcel Number 04676-0011
Gross Income 89292
County Kings (Brooklyn)
Operating Expense 45968
Insurance Expense 3800
Property Type Commercial Sale
High School Brooklyn Bridge Academy
City New York
High School District Brooklyn 18
Number Of Units Total 6
Elementary School Ps 268 Emma Lazarus
Property Attached Y/N Y
Tax Annual Amount 19184.04
Fuel Expense 5000
Middle/Junior High School Middle School Of Media Law And Fine Arts (The)
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 18
Elementary School District Brooklyn 18
Tax Assessed Value 383850
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Interior
Basement Partially Finished Walk-Out Access
Basement Features Partially Finished Walk-Out Access
Basement (Y/N) Y
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Exterior
Parking Features Off Street Off Street
Water Source Public
Building Area Total 6150
Waterfront Y/N N
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Internal Only
Street Number 1 350
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* Excluded Features
List By
Jackson Cortez

Listing Agent

1St American One Nyc Ltd

Broker

Jackson1stAmericanProperties@gmail.com

Email

Affordability Calculator

$7,913
Per Month
80%
20%
0%
Monthly Principal & Interest
$6,314
Monthly Property Taxes
$1,599
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4102467 Elementary School
5166004 Middle School
Brooklyn Bridge Academy High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2026$999,999 Listed Price

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350 E 51st Street, Brooklyn, NY, 11203 is a Commercial Property for sale at $999,999 with 6,150 sqft and a lot size of 0.0574. 350 E 51st Street was built in 1931. The property's zip code is 11203 which is in Brooklyn, NY