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50 Clarkson 50 Clarkson Ave 93 Unit Apartment Building For Sale Brooklyn, NY 11226
Investment Highlights
- 93-unit newly constructed (2021) luxury residential building with parking
- 35-year 421-a tax abatement commenced December 2021 — approximately 30 years remaining
- Steps to 2 and 5 subway lines — direct access to Downtown Brooklyn and Midtown Manhattan
- 93-unit newly constructed (2021) luxury residential building with parking
- 35-year 421-a tax abatement commenced December 2021 — approximately 30 years remaining
- Proximate to Prospect Park, SUNY Downstate, Medgar Evers College, Brooklyn College, and Kings Theatre
Executive Summary
GFI Realty Services is pleased to present the exclusive offering of 50 Clarkson Avenue, a newly constructed ninestory, 93-unit luxury residential building with parking, located
in the Flatbush section of Brooklyn. Completed in 2021, the property sits on a 16,400 square-foot lot and totals 93,789 square feet of residential space. The unit mix comprises seven studios, 56 one-bedroom, and 30 two-bedroom apartments, each delivered with high-end finishes including white oak flooring, high ceilings, and floor-to-ceiling windows.
The building features a full amenity package including a fitness center, common courtyard, and media lounge. A 35-year tax abatement commenced December 2021, providing a significant and durable reduction in operating costs that substantially enhances cash-on-cash returns throughout the hold period. 50 Clarkson Avenue is ideally positioned just half a block from the Flatbush Avenue commercial corridor and within blocks of Prospect Park, SUNY Downstate Medical Center, Medgar Evers College, Brooklyn College, and the Kings Theatre. The 2 and 5 subway lines are located steps from the property, providing direct access to Downtown Brooklyn and Midtown Manhattan.
in the Flatbush section of Brooklyn. Completed in 2021, the property sits on a 16,400 square-foot lot and totals 93,789 square feet of residential space. The unit mix comprises seven studios, 56 one-bedroom, and 30 two-bedroom apartments, each delivered with high-end finishes including white oak flooring, high ceilings, and floor-to-ceiling windows.
The building features a full amenity package including a fitness center, common courtyard, and media lounge. A 35-year tax abatement commenced December 2021, providing a significant and durable reduction in operating costs that substantially enhances cash-on-cash returns throughout the hold period. 50 Clarkson Avenue is ideally positioned just half a block from the Flatbush Avenue commercial corridor and within blocks of Prospect Park, SUNY Downstate Medical Center, Medgar Evers College, Brooklyn College, and the Kings Theatre. The 2 and 5 subway lines are located steps from the property, providing direct access to Downtown Brooklyn and Midtown Manhattan.
Property Facts
| Sale Type | Investment | Lot Size | 0.38 AC |
| No. Units | 93 | Building Size | 93,789 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 9 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Building Class | A | Parking Ratio | 0.27/1,000 SF |
| Zoning | R7A - Contextual medium-density residential; ~4.0 FAR, max ~80 ft height. | ||
| Sale Type | Investment |
| No. Units | 93 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.38 AC |
| Building Size | 93,789 SF |
| Average Occupancy | 80% |
| No. Stories | 9 |
| Year Built | 2021 |
| Parking Ratio | 0.27/1,000 SF |
| Zoning | R7A - Contextual medium-density residential; ~4.0 FAR, max ~80 ft height. |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Fitness Center
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Bicycle Storage
- Elevator
- Lounge
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 472 |
| 1+1 | 56 | - | 576 |
| 2+1 | 1 | - | 792 |
| 2+2 | 29 | - | 783 |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 05064-0036 | Improvements Assessment | $7,683,300 |
| Land Assessment | $701,100 | Total Assessment | $8,384,400 |
Property Taxes
Parcel Number
05064-0036
Land Assessment
$701,100
Improvements Assessment
$7,683,300
Total Assessment
$8,384,400
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50 Clarkson | 50 Clarkson Ave
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