Property profile

1275 51St St Brooklyn, NY 11234

OFF-MARKET
Retail properties & Spaces
1 SF
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Property summary

AI-generated overview

This exceptional retail space, located at 1275 E 51st St Apt 3A, Brooklyn, NY 11234, presents a unique investment opportunity. While the square footage is listed as 1 square foot, the property is actually a 2-bedroom, 1-bathroom co-op unit ideally suited for conversion to a retail space, subject to all necessary approvals and permits. The unit boasts attractive features including walk-in closets and ample storage, enhancing its potential for diverse retail uses. Hardwood floors throughout add to the unit's appeal. The building itself offers significant amenities, contributing to a positive tenant experience. These include on-site laundry facilities, elevators, handicap access, a 24-hour doorman, and security cameras, ensuring both convenience and security. The property's location in Flatlands, on a tree-lined block, provides a desirable setting for a retail business. Its proximity to public transportation and shopping further enhances its commercial viability. The asking price for this unique property is $299,999. This presents a rare chance to acquire a property with significant upside potential in a thriving Brooklyn neighborhood. Serious inquiries are encouraged to explore the possibilities of this distinctive offering. All information is deemed reliable but not guaranteed and should be independently verified.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm

Location

1275 51St St Brooklyn, NY 11234
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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