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Off market
  • $1,278,600

    861 E 51st St, Brooklyn, NY 11203

    11beds
    3,888sqft
    MultiFamily
    Built in 1991
    -- sqft lot
    $1,278,600 Zestimate®
    $329/sqft
    $3,009 Estimated rent

    Home value

    $1,278,600

    $1.18M - $1.38M

    $3,009/mo

    Zestimate® history
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    $3,009/mo

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    $7,563/mo

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    $7,563/mo

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    What's special

    Two-of-a-kind, extraordinarily large legal Three Family in East Flatbush is a perfect option for the end user or investor buyer. Aside from the attached twin building, no other three family property of this size exists in this neighborhood! Each apartment is almost 1300 square feet and features three bedrooms and two bathrooms, including a king sized Master Bedroom with ensuite bathroom. With hardwood floors throughout, the layouts are identical across the three floors, with variations in the entrance to the spacious living rooms, all brightened by oversized panel windows. A formal dining area opens to a windowed kitchen, offering convenience and flow, whether entertaining friends or multi-tasking with family. The finished basement and the 1st floor apartment share an exterior entryway and foyer. The basement stairs lead to two bedrooms and two bathrooms, one of them ensuite, along with a laundry room, utility room and living space. In addition to a narrow backyard, this incredible property offers a three car driveway. Imagine... private parking in East Flatbush! This home is conveniently located a block from the B7, B8, and B46 Select Bus stop, making it only 4 stops to the 3 and 4 trains, and 5 stops to the A and C train lines. Conveniences like eateries, dry cleaners, and supermarkets are within blocks. The current monthly rent roll is $7600. The net operating [after expenses] income is $69,260 per year. The first and second floor units will be delivered occupied by great tenants, neither of w hom have a lease, and the light-filled third floor will be delivered vacant. If an accepted buyer wanted the vacant unit to be rented before closing, it can be arranged. Property is well maintained and has a 1.5 year old roof, and relatively brand new water heater. Here's a rare opportunity to own an investment property in a steadily appreciating neighborhood with high rental demand, or to move into a spacious home that pays for itself. Come see for yourself, what the fuss is all about! Showing by Appointment Only during open house on Sunday, Sept 27. Please contact listing agent to make appointment. Note: Listing agent has an equity interest in this property.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 8
    • Full bathrooms: 8
    Interior area
    • Total interior livable area: 3,888 sqft

    Property

    Lot
    • Size: 2,940 Square Feet
    Details
    • Parcel number: 079270010
    • Zoning: R4

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1991

    Utilities & green energy

    • Electric: Other

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $329/sqft
    • Tax assessed value: $560,000
    • Annual tax amount: $9,501

    Price history

    DateEventPrice
    2/24/2024Listing removed$1,185,000$305/sqft
    Source: BNYMLS #443545 Report a problem
    7/22/2021Sold$1,185,000+3%$305/sqft
    Source: Public Record Report a problem
    10/27/2020Pending sale$1,150,000+63.1%$296/sqft
    Source: BNYMLS #443545 Report a problem
    5/16/2014Listing removed$705,000$181/sqft
    Source: Pullini Realty Corp. Report a problem
    11/26/2013Listed for sale$705,000-11.8%$181/sqft
    Source: Pullini Realty Corp Report a problem
    12/22/2011Listing removed$799,000$206/sqft
    Source: FLOOD COMPANY #365941 Report a problem
    11/12/2011Listed for sale$799,000$206/sqft
    Source: FLOOD COMPANY #365941 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,501 +7.5%$252,000 +19.9%
    2024$8,842 $210,150 -3.5%
    2023-- $217,800 +20.1%
    2022-- $181,350 +25.2%
    2021-- $144,900 -8.5%
    2020$7,329 +8%$158,400 +6%
    2019$6,786 $149,400 +196.6%
    2018-- $50,376
    2017$6,407 +1.9%$50,376 +3.2%
    2016$6,288 $48,811 +8%
    2015$6,288 +61.1%$45,197 +8%
    2014$3,904 $41,850 +8%
    2013-- $38,751
    2012-- $38,751 +3.2%
    2011-- $37,547 +8%
    2010-- $34,767 +8%
    2009-- $32,193 +8%
    2008-- $29,809
    2007-- $29,809 +3.2%
    2006-- $28,883 +8%
    2005-- $26,744
    Find assessor info on the county website

    Neighborhood: East Flatbush

    Nearby schools

    GreatSchools rating