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Nine-Unit Apartment Building
For Sale
$1,800,000

529 51st Street, Brooklyn, NY 11220

Residential, Brooklyn, NY

Property Size7,140 SF
Lot Size0.06 Acres
Price / SF$252.10
Days on Market347

Property Features for 529 51st Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R6B
Bathrooms 9
Full bathrooms 9
Rooms Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 8, Bathroom 4, Bathroom 3, Bathroom 9, Bathroom 1
Interior features A/C Unit - Window, Refrigerator, Stove
Basement Finished
Subdivision Sunset Park
Standard status Active
Size 7,140 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 22028

Building Details

Year built 1931
Floors in Building 4
Number of units 9
Flooring type Hardwood, Tile
Building materials Brick
Roof type Flat, Asphalt
Listing Agency: Gama Group LLC
Listed By: Ameer Hamdan
Added: Oct 20, 2025 Changed: Sep 15 Last Checked: Oct 1 at 4:06PM
MLS# 496729

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1931, this brick apartment property contains 9 residential units within 7,140 square feet. The building includes nine bathrooms, window A/C units, refrigerators, and stoves, with hardwood and tile flooring throughout. An asphalt flat roof completes the structure, and the property is professionally managed.

The building occupies a 0.0575-acre lot at 529 51st Street in Brooklyn’s Sunset Park area. R6B zoning applies to the property, which is positioned near local shopping, dining, and transportation options. The nine apartments are rent-stabilized, providing an established residential configuration in a neighborhood with ongoing commercial and transit activity.

Key Highlights

  • 9‑unit residential building with 7,140 square feet
  • Nine rent‑stabilized apartments
  • Built in 1931 with brick construction

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

6,917
Businesses Nearby

Demographics for 11220, NY

105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick residential property with rent-stabilized apartments, window A/C, and hardwood and tile flooring.
Where is this apartment building located?
The property is located at 529 51st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 9‑unit residential building with 7,140 square feet; Nine rent‑stabilized apartments; Built in 1931 with brick construction
More about this property
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