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Multifamily For Sale

$1,500,000

518 East 51st Street, Brooklyn, NY 11203

Active
Last Updated: 04/03/2025

7.33

Cap Rate

109,889

NOI

Details:
Cap Rate:    7.33%
NOI:    $109,889
Building Size:    5,712 sqft
Units:    6
Price Per Sqft:    $263
Highlights:
  • Excellent Light & Air: Side and rear air shafts provide units with substantial light and air, allowing for efficient unit layouts.
  • Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
  • Great Retail Nearby: Close proximity to the Utica Avenue and Church Avenue retail corridors.
  • Parking / Curb Cut: Driveway allows for two parking spots, offering the potential for additional revenue.
  • Return / Basis: Opportunity for an investor to pick up a cash flowing asset at a low basis for over a 7.25% cap rate.
  • Public Transportation: Located within a few blocks of the B46 and B35 bus lines, with direct access to Williamsburg, Downtown Brooklyn, the Rockaways, and Jamaica, Queens.
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Documents:
Title
Offering Memorandum
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Today's Available Mortgage Rates

518 East 51st Street, Brooklyn, New York 11203

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/06/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$7,221 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $1,125,000 Loan Amount
Details
BankLender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$7,310 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $1,125,000 Loan Amount
Details
BankLender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$7,281 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 74% LTV $0 Lender fees
Loan Amount $1,110,000 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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