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Prime Property Listed at 50 Clarkson Avenue by GFI Realty Services

Prime Property Listed at 50 Clarkson Avenue by GFI Realty Services
FOR SALE

50 Clarkson Avenue, Brooklyn, NY 11226

93,789 SF

Square Feet

93

Units

Property Description

Units

93

GFI Realty Services is pleased to present the  exclusive  offering of 50 Clarkson Avenue,  a  newly constructed nine story, 93-unit  luxury residential building with parking, located  in the Flatbush section of Brooklyn. Completed in 2021, the  property sits on a 16,400 square-foot lot and totals 93,789  square feet of residential space. The unit mix comprises  seven studios, 56 one-bedroom, and 30 two-bedroom  apartments, each delivered with high-end finishes including  white oak flooring, high ceilings, and floor-to-ceiling windows.  The building features a full amenity package including  a fitness center, common courtyard, and media lounge.  A  35-year tax abatement commenced December  2021, providing a significant and durable reduction  in operating  costs that substantially  enhances  cash-on-cash returns throughout the hold period.  50 Clarkson Avenue  is  ideally  positioned just half a block  from the Flatbush Avenue commercial corridor and within  blocks of Prospect Park, SUNY Downstate Medical Center,  Medgar Evers College, Brooklyn College, and the Kings  Theatre. The 2 and 5 subway lines are located steps from the  property, providing direct access to Downtown Brooklyn and  Midtown Manhattan.


Property Details

Asset Type

MultiFamily

Year Built

2021

Neighborhood

Flatbush

ZIP

11226

Listing Type

sale


Offering Memorandum

Download

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

$0

Cash-on-Cash Return

0.00%

Monthly Debt Service

$0

Annual Debt Service

$0

View on Map

Address

50 Clarkson Avenue

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Flatbush MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Matthew Sparks

Matthew Sparks

Senior Managing Director

9 closed

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Matthew Sparks

Matthew Sparks

Senior Managing Director

9 closed

Call