235 51st St - 1031 Exchange - Development Site 12,000SF 3 Unit Apartment Building Offered at $2,638,525 at a 4% Cap Rate Brooklyn, NY 11220

I am pleased to present this Prime Sunset Park Investment of a fully occupied 3 family Modern Sleek townhouse fully rented sitting on a rare lot with commercial overlay. In addition to the existing 3 family townhouse, this lot permits an exceptional investment potential of 12,000 community buildable square feet. ( to be consulted with an architect).
This house was gut renovated in 1997. Each of the 3 upscale modern apartments features: 2 bathrooms per unit, great lighting, high ceilings, wood-ply high end quality kitchen cabinets with wood-like veneer, central HVAC, individual boilers per unit, and matching high contemporary doors for each bedroom, laundry-room, bathrooms, and boiler room.
Close to the Ferry, R and N train, Battery Park, Industry City, the cluster of warehouses on cobblestone streets hosts Smorgasburg, The Brooklyn Flea, Mister Sunday, galleries, tech conferences, rooftop movie screenings, and countless artisan shops.
This location is also in close proximity to NYU Langone Hospital, which makes this location optimal for residential and all community based businesses. Such as, medical, schools, daycare centers, etc. The allowable 12,000 buildable community square feet makes this location ideal for developing a mixed use building for any developer.