Prime Property Listed at 50 Clarkson Avenue by GFI Realty Services
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
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
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