See Home Value
$1,344,859*
Property - Off Market

861 East 51st Street

Brooklyn, NY 11203
bedrooms
Studio
bathrooms
8 Baths
square feet
3888 Sqft
$1,035,000 - $1,265,000
Reference Base Price*
16.94%
Since Nov 1, 2021
NY-New York
Primary Model

About This Property

Two-of-a-kind, extraordinarily large legal Three Family in East Flatbush is a perfect option for the end user or investor buyer. Aside from the attached twin building, no other three family property of this size exists in this neighborhood! Each apartment is almost 1300 square feet and features three bedrooms and two bathrooms, including a king sized Master Bedroom with ensuite bathroom. With hardwood floors throughout, the layouts are identical across the three floors, with variations in the entrance to the spacious living rooms, all brightened by oversized panel windows. A formal dining area opens to a windowed kitchen, offering convenience and flow, whether entertaining friends or multi-tasking with family. The finished basement and the 1st floor apartment share an exterior entryway and foyer. The basement stairs lead to two bedrooms and two bathrooms, one of them ensuite, along with a laundry room, utility room and living space. In addition to a narrow backyard, this incredible property offers a three car driveway. Imagine? private parking in East Flatbush!This home is conveniently located a block from the B7, B8, and B46 Select Bus stop, making it only 4 stops to the 3 and 4 trains, and 5 stops to the A and C train lines. Conveniences like eateries, dry cleaners, and supermarkets are within blocks. The current monthly rent roll is $7600. The net operating [after expenses] income is $69,260 per year. The first and second floor units will be delivered occupied by great tenants, neither of whom have a lease, and the light-filled third floor will be delivered vacant. If an accepted buyer wanted the vacant unit to be rented before closing, it can be arranged. Property is well maintained and has a 1.5 year old roof, and 3 year old hot water heater. Here?s a rare opportunity to own an investment property in a steadily appreciating neighborhood with high rental demand, or to move into a spacious home that pays for itself. Come see for yourself, what the fuss is all about! Note: Listing agent has an equity interest in this property.

The manager has listed the unit size as 3888 square feet.
Unit Size
3,888Ft²
Days on Market
-
Land Size
-
Price per sqft
$296
Property Type
Property
Property Taxes
$601
HOA Dues
-
Year Built
1991

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Feb 23, 2021 Sold to Valcrey Veronica Gonsalves... $1,185,000
Sold to Valcrey Veronica Gonsalves...
Oct 28, 2020 In contract -
In contract
Sep 11, 2020 Listed $1,150,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
5 Beds
3.5 Baths
4,000 ft²
$288/ft²
$1,150,000 Oct 5, 2020
$1,150,000 May 2, 2022
-
Commercial
Loft
-
-
$960,000 Jan 5, 2020
$960,000 Aug 31, 2020
$425/mo
Commercial
Loft
-
-
$940,000 Oct 30, 2019
$940,000 Oct 9, 2020
$471/mo
Commercial
Loft
-
-
$840,000 Nov 13, 2020
$840,000 Mar 5, 2021
-
Townhouse
5 Beds
4.5 Baths
3,196 ft²
$375/ft²
$1,200,000 Jun 24, 2021
$1,200,000 Jun 15, 2022
-
Townhouse
5 Beds
5 Baths
2,576 ft²
$474/ft²
$1,220,000 Aug 22, 2022
$1,220,000 Nov 20, 2022
-
Other
Loft
-
1,800 ft²
$611/ft²
$1,100,000 Nov 9, 2022
-
$1,299/mo
Other
Loft
-
1,800 ft²
$666/ft²
$1,199,000 Sep 20, 2022
-
$356/mo
Land
Loft
-
-
$1,200,000 Dec 23, 2022
-
-
Land
Loft
-
-
$1,200,000 Sep 15, 2020
-
$539/mo
Townhouse
6 Beds
5 Baths
3,630 ft²
$331/ft²
$1,200,000 Nov 30, 2022
-
$848/mo
Multifamily
6 Beds
3 Baths
3,052 ft²
$304/ft²
$929,000 Jan 10, 2021
-
$602/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201023 Unit BUILDING
10/23/2020
11 Bed
7 Bath
-
$1,150,000
bedrooms
11 Bed
bathrooms
7 Bath
$1,150,000
02/25/2021
-
Natalie Richards
Keller Williams Realty Empire
20200911
09/11/2020
Loft
8 Bath
3888 ft²
$1,150,000
bedrooms
Loft
bathrooms
8 Bath
square feet
3888 ft²
$1,185,000 +3.04%
02/23/2021
Natalie Richards
Keller Williams - NYC - Brooklyn Bay Ridge

Building Info

861 East 51st Street 861 East 51st Street, Brooklyn, NY 11203
  • 4 Units
More about this Building
861 East 51st Street
Want to find out who owns 861 East 51st Street, Brooklyn, NY 11203? Get detailed property transactions here .

About Central Brooklyn


Similar Homes for Sale

Unit for sale at 387 East 54th Street, Brooklyn, NY 11203

$929,000

  • 6 Beds
  • 3 Baths
  • 3,052 ft²
387 East 54th Street, Brooklyn, NY 11203 Listing by Kentis Ellis
Unit for sale at 669 East 83rd Street, Brooklyn, NY 11236

$1,200,000

  • 6 Beds
  • 5 Baths
  • 3,630 ft²
669 East 83rd Street #2, Brooklyn, NY 11236 Listing by Leonid Sklyar
Unit for sale at 1297 Troy Avenue, Brooklyn, NY 11203

$1,200,000

  • Land
1297 Troy Avenue, Brooklyn, NY 11203 Listing by Christina Sevens

Nearby Rentals

Unit for rent at 330 East 22nd Street, Brooklyn, NY 11226

$1,750 /mo

  • Studio
  • 1 Bath
330 East 22nd Street #4D, Brooklyn, NY 11226 Listing by Jay Payton
Unit for rent at 1096 Winthrop Street, Brooklyn, NY 11212

$1,800 /mo

  • 1 Bed
  • 1 Bath
1096 Winthrop Street, Brooklyn, NY 11212 Listing by Malachi Primus
Unit for rent at 968 East 93rd Street, Brooklyn, NY 11236

$1,600 /mo

  • 1 Bed
  • 1 Bath
968 East 93rd Street #1, Brooklyn, NY 11236 Listing by Delroy Bodley


Quantcast