350 E 51st St, Brooklyn, NY 11203

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 income-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 Private showings only. Income & Expense Overview – 350 E 51st St Current Rent Roll: 1F – 1 Bedroom: $1,200/month 1B – 2 Bedroom: $1,400/month 2F – 2 Bedroom: $1,578/month 2B – 2 Bedroom: $1,360/month 3F – 2 Bedroom (Family Occupied): $500/month 3B – 2 Bedroom: $1,430/month Current Monthly Gross Income: $7,468 Current Annual Gross Income: $89,616 Estimated Annual Operating Expenses: Real Estate Taxes: Approximately $12,000 Insurance: $3,800 Fuel: $5,000 Other Expenses: $3,000 Total Estimated Annual Expenses: $23,800 Estimated Net Operating Income (NOI): $65,816 annually Income and expenses are based on information provided by ownership and are subject to independent verification by prospective purchasers.