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50 Fort Greene Pl
Brooklyn, NY 11217
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Park Block
- Hot Rental Market
- Renovated
EXECUTIVE SUMMARY
Welcome to 50 Fort Greene Place, a renovated, income-producing three-unit brownstone on one of Fort Greene's most coveted tree-lined blocks, just half a block from Fort Greene Park and moments from BAM. Spanning approximately 4,320 square feet plus a full cellar on a 20' x 100' lot, this stately four-story townhouse was fully renovated in 2014 and is configured as three expansive, well-designed duplex apartments.
The fully occupied property currently generates $252,000 in annual income, offering strong in-place cash flow with exceptional flexibility for owner-occupiers. Both the garden duplex with private backyard and the top-floor duplex with a large private terrace are ideal candidates for an owner to live in while continuing to collect significant monthly rent from the two remaining units.
Each residence features generous living and dining areas, oversized bedrooms, excellent closet space, modern kitchens, and multiple bathrooms. The building is fully sprinklered, separately metered, and tenants individually pay their own utilities. The full cellar houses all mechanicals and additional building infrastructure.
Perfectly positioned near nearly every major subway line-G, 2, 3, 4, 5, C, B, D, N, Q, and R-the connectivity is unmatched. Daily conveniences are equally close, including a Whole Foods just a few minutes away.
Configuration Overview
Garden Duplex: Large 2+bedroom, 2-bathroom with private backyard
Second & Third Floors: Large 3-bedroom, 2-bathroom duplex
Top Duplex: Spacious 2-bedroom, 2-bathroom with private terrace
Basement: Mechanical systems and shared laundry for Units 1 and 2
This is a rare opportunity to acquire a prime Fort Greene asset that delivers immediate income today with exceptional lifestyle and long-term upside built in.
The fully occupied property currently generates $252,000 in annual income, offering strong in-place cash flow with exceptional flexibility for owner-occupiers. Both the garden duplex with private backyard and the top-floor duplex with a large private terrace are ideal candidates for an owner to live in while continuing to collect significant monthly rent from the two remaining units.
Each residence features generous living and dining areas, oversized bedrooms, excellent closet space, modern kitchens, and multiple bathrooms. The building is fully sprinklered, separately metered, and tenants individually pay their own utilities. The full cellar houses all mechanicals and additional building infrastructure.
Perfectly positioned near nearly every major subway line-G, 2, 3, 4, 5, C, B, D, N, Q, and R-the connectivity is unmatched. Daily conveniences are equally close, including a Whole Foods just a few minutes away.
Configuration Overview
Garden Duplex: Large 2+bedroom, 2-bathroom with private backyard
Second & Third Floors: Large 3-bedroom, 2-bathroom duplex
Top Duplex: Spacious 2-bedroom, 2-bathroom with private terrace
Basement: Mechanical systems and shared laundry for Units 1 and 2
This is a rare opportunity to acquire a prime Fort Greene asset that delivers immediate income today with exceptional lifestyle and long-term upside built in.
PROPERTY FACTS
| Price Per Unit | $1,665,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.62% | Lot Size | 0.05 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,400 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/2015 |
| Zoning | R6B | ||
| Price Per Unit | $1,665,000 |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1931/2015 |
| Zoning | R6B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- High Speed Internet Access
- Ice Maker
- Walk-In Closets
- Yard
- Basement
- Deck
- Intercom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,250 |
| 3+2 | 1 | - | 2,000 |
| 2+2 | 1 | - | 2,000 |
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