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    51-55 Veronica Pl Brooklyn, NY 11226

    For Sale
    $6,399,999

    14-Unit Apartment Building, High Occupancy

    Property size:
    10,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional investment opportunity in Brooklyn, NY, presents a 14-unit apartment building at 51-55 Veronica Place, boasting a 100% occupancy rate and a strong NOI of $322,945. This Class C multifamily property, built in 2020, comprises seven buildings with four stories each, totaling 10,656 square feet on a 3,525 square foot lot. The asking price is $6,399,999, or $457,000 per unit, representing a price per square foot of $48. Each unit features quality finishes including stainless steel appliances, recessed lighting, split A/C and personal heating units, and in-unit washer/dryers. The property benefits from its location in a quiet residential area, conveniently close to public transportation (2, 5, B, and Q subway lines, and B12, B35, B44, and B49 bus routes), and within walking distance of Kings Theater, Prospect Park, SUNY Downstate Medical School, Brooklyn College, Kings County Hospital, and ample shopping on Church and Flatbush Avenues. The property is zoned R6 and offers a path to fully free-market apartments after abatement. Tenants are responsible for their own heating costs. This new construction offers low maintenance and a secure investment with a fully occupied building.

    Property Features for 51-55 Veronica Pl

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,656 SF
    Class
    C

    Building Details

    Year Built
    2020
    Buildings
    7
    Stories
    4
    Units
    14

    HighLights

    • Excellent public transit access: 2, 5, B, and Q subway lines; B12, B35, B44, and B49 bus routes.
    • Prime residential location near Kings Theatre, Prospect Park, SUNY Downstate, Brooklyn College, Kings County Hospital, and ample shopping.
    • High‑end finishes: stainless steel appliances, recessed lighting, split A/C, in‑unit washer/dryer.
    • New construction, fully occupied, low‑maintenance building.
    • Path to market‑rate rents post‑abatement.
    • Tenant‑paid heating.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9527208
    Latitude
    40.6492267

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    FAQs

    What type of property is this?
    Multifamily property - 14-Unit Apartment Building, High Occupancy
    Where is this multifamily property located?
    The property is located at 51-55 Veronica Pl Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $6,399,999.
    What are key features of this property?
    This property features: Excellent public transit access: 2, 5, B, and Q subway lines; B12, B35, B44, and B49 bus routes.; Prime residential location near Kings Theatre, Prospect Park, SUNY Downstate, Brooklyn College, Kings County Hospital, and ample shopping.; High-end finishes: stainless steel appliances, recessed lighting, split A/C, in-unit washer/dryer.
    Request Owner's contact information
    51-55 Veronica Pl Brooklyn, NY 11226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51-55 Veronica Pl Brooklyn, NY 11226
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