For Sale $3,850,000
Property Type Special Purpose
Property Size 8,323 SF
Additional Rent Contact for pricing
Date Updated Jul 2, 2024

6,923 SF | 238 East 52nd Street | 9 Unit New Development For Sale

Introducing 238 East 52nd Street, a multifamily investor's dream. This recently constructed 6,923 SF building offers 9 units, consisting of 6 one-bedroom units and 3 studios, including a stunning penthouse with its own rooftop patio. With a pending 421A and R6 zoning, this property presents a major value add opportunity. The building is fully occupied, and includes free market units, rented under market value, demonstrating the potential for increased revenue. Investors will appreciate the opportunity to capitalize on this prime asset and its strategic location in Brooklyn, NY.

This nine-unit new development was recently constructed and is ready to be marketed and leased. It is comprised of six one-bedroom units and three studios, one of them being a penthouse unit with its own rooftop patio. It also has a pending 421A, which can help reduce major annual costs.

Highlights:

- 238 E 52nd St

- 9 units

- 6 one-bedrooms

- 3 studios

- Penthouse with rooftop patio

- Pending 421A

- R6 zoning

- Total Space: 6,923 SF

A growing residential area with a massive need for newly renovated and affordable apartments. This property caters to a diverse mix of potential tenants and has a major upside for an outside investor.

Located in the East Flatbush neighborhood of Brooklyn near the Sutter Ave - Rutland Rd subway station.

Nearest Transit: 2, 3, 4, & 5 trains at Sutter Ave - Rutland Rd and the B46 & B35 bus lines.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

238_E_52nd_St_-_Brochure (2) (PDF) opens in new window

Contacts

Shlomi Bagdadi

Tri State Commercial Realty

Location

Getting Around

Walk Score ®
89/100 Very Walkable
Transit Score ®
75/100 Excellent Transit
Bike Score ®
53/100 Bikeable

Map
Street

City Brooklyn, NY
Neighborhood East Flatbush
Zip Code 11203

Points of Interest

Crown Heights–Utica Avenue

0.95 miles
Norwood Car & Limo

1.04 miles
Kingston Avenue

1.21 miles
Canarsie–Rockaway Parkway

1.54 miles
New Lots Avenue

1.58 miles
Livonia Avenue

1.61 miles
Sutter Avenue

1.73 miles
Rockaway Avenue Station

1.81 miles
Kingston–Throop Avenues

1.82 miles
Flatbush Avenue–Brooklyn College

1.82 miles

Amoco

0.53 miles
Shell

0.61 miles
BP

1.13 miles
Mobil

1.21 miles
Speedway

1.44 miles
Sunoco

1.54 miles
Tesla Supercharger

2.05 miles
EVgo

2.55 miles
plugNYC

2.99 miles
Revel

3.25 miles

Kings County Parking Garage

0.62 miles
Pathmark

1.37 miles
Havens Place Lot

1.98 miles
School bus parking

2.09 miles
The Brooklyn Museum and Botanic Garden

2.14 miles
Underhill Garage

2.47 miles
Rapid Park

2.55 miles
Eastern Fruits and Vegetables

2.71 miles
Cielo Garage

2.73 miles
Car Park Systems

2.79 miles

Days Inn

1.44 miles
Surface Inn

1.44 miles
Hotel Sunrise

1.57 miles
Brooklyn Vybe Hotel, Ascend Hotel Collection

1.67 miles
Mirage Brooklyn

1.74 miles
The Brooklyn Riviera Hostel

1.76 miles
Latisha House

1.84 miles
La Quinta

1.98 miles
Ramada

1.98 miles
East New York Inn

1.99 miles

McDonald's

0.11 miles
"diner"

0.24 miles
Dunkin'

0.27 miles
China Restaurant

0.34 miles
Rosie's Jamaican Cuisine

0.38 miles
Three Star Juice Lounge

0.47 miles
Island Burger

0.47 miles
KFC

0.52 miles
White Castle

0.58 miles
Brooklyn Wing House

0.60 miles

Middle School Of Marketing And Legal Studies

0.25 miles
Public School 135 - Sheldon A. Brookner

0.25 miles
Intermediate School 232

0.25 miles
Arts And Media Preparatory Academy

0.26 miles
East Flatbush Community Research School

0.27 miles
Kanut

0.28 miles
Kennedy-King Elementary

0.44 miles
Northeastern Adventist Academy

0.44 miles
Intermediate School 252

0.52 miles
Middle School For Art and Philosophy

0.52 miles

Seneca Village Montessori School

0.70 miles
Brooklyn Kids Academy

1.03 miles
Childrens Paradise

1.04 miles
All My Children Daycare & Nursery School

1.08 miles
Premier Stepping Stones Child Care

1.18 miles
Lefferts Gardens Montessori

1.30 miles
Kiddie Science

1.31 miles
Eva Crèche Daycare

1.37 miles
Discovery Kids

1.38 miles
The Hollow

1.38 miles

Frequently Asked Questions

How much does 238 East 52nd Street cost?

The space currently listed for sale at 238 East 52nd Street asks for $3,850,000.

What is the total square footage of 238 East 52nd Street?

238 East 52nd Street totals 8,323 square feet.

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