Contacts

Shlomi Bagdadi

Tri State Commercial Realty

Property Details

Property Type Special Purpose
Property Size 8,323 SF
Additional Rent Contact for pricing
Date Updated Jul 2, 2024

6,923 SF | 238 East 52nd Street | 9 Unit New Development For Sale

Introducing 238 East 52nd Street, a multifamily investor's dream. This recently constructed 6,923 SF building offers 9 units, consisting of 6 one-bedroom units and 3 studios, including a stunning penthouse with its own rooftop patio. With a pending 421A and R6 zoning, this property presents a major value add opportunity. The building is fully occupied, and includes free market units, rented under market value, demonstrating the potential for increased revenue. Investors will appreciate the opportunity to capitalize on this prime asset and its strategic location in Brooklyn, NY.

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.

Highlights:

- 238 E 52nd St

- 9 units

- 6 one-bedrooms

- 3 studios

- Penthouse with rooftop patio

- Pending 421A

- R6 zoning

- Total Space: 6,923 SF

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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

238_E_52nd_St_-_Brochure (2) (PDF) opens in new window

Getting around

89/100
Walk Score ®
75/100
Transit Score ®
53/100
Bike Score ®

Powered by Walk Score ®

City Brooklyn, NY
Neighborhood East Flatbush
Zip Code 11203

Points of Interest

Crown Heights–Utica Avenue

0.95 miles
Norwood Car & Limo

1.04 miles
Kingston Avenue

1.21 miles
Canarsie–Rockaway Parkway

1.54 miles
New Lots Avenue

1.58 miles
Livonia Avenue

1.61 miles
Sutter Avenue

1.73 miles
Rockaway Avenue Station

1.81 miles
Kingston–Throop Avenues

1.82 miles
Flatbush Avenue–Brooklyn College

1.82 miles

Amoco

0.53 miles
Shell

0.61 miles
BP

1.13 miles
Mobil

1.21 miles
Speedway

1.44 miles
Sunoco

1.54 miles
Tesla Supercharger

2.05 miles
EVgo

2.55 miles
plugNYC

2.99 miles
Revel

3.25 miles

Kings County Parking Garage

0.62 miles
Pathmark

1.37 miles
Havens Place Lot

1.98 miles
School bus parking

2.09 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

Days Inn

1.44 miles
Surface Inn

1.44 miles
Hotel Sunrise

1.57 miles
Brooklyn Vybe Hotel, Ascend Hotel Collection

1.67 miles
Mirage Brooklyn

1.74 miles
The Brooklyn Riviera Hostel

1.76 miles
Latisha House

1.84 miles
La Quinta

1.98 miles
Ramada

1.98 miles
East New York Inn

1.99 miles

Ideal Food Basket

0.30 miles
Associated Supermarket

0.55 miles
Church Farm Market

0.62 miles
Key Food

0.71 miles
Green Acre Farms

0.76 miles
Fine Fare

0.84 miles
Foodsaver NY Retail

1.03 miles
Target

1.30 miles
Sears

1.55 miles
Bobby's Dept. Store

1.91 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.

238 East 52nd Street