$4,200,000 24 BD 12 BA

Property Description

2 brick 6 family buildings. 1047 50th St and 1051 50th St both for sale. Both buildings are identical in size. Well maintained buildings located at the most sought after Boro-Park neighborhood. Good tenants. Good income. 5% cap rate. R6 zoning for up to 4.8 FAR which equals to 26000 sf buildable community facility space. Don't miss this once in a lifetime opportunity. Near the Chinatown on 8th Ave, near the hospital, easy transit with subways and buses nearby. Whole buildings are possible to be converted for community facility use which gives this property very high-profit potential.

Property Features

  •  5639
    • Bank Mortgage
    • Cash
  •  69
  •  R6
  •  22516.00
  • Exterior Features

  •  Brick
  •  Brick
  •  Other
  •  3
  •  Poured Concrete
  •  Semi-Detached
    • Back
    • Front
  • Interior Features

  •  Full
    • A/C Unit - Window
    • Other
  •  Other
  •  Steam/Radiator
  •  Other
  • Courtesy of Momentum Real Estate Llc

    Schedule to See Homes


    Charles Olson

    718-954-8401
    Keller Williams Realty Empire

    1047 50 Street
    Brooklyn, 11219

    $4,200,000
    24 Beds / 12 Bath
    0 Sq. Feet
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    1047 50 Street
    Brooklyn, 11219

    $4,200,000
    24 Beds / 12 Bath
    0 Sq. Feet