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Property Description
350 E 51st St - Listing Description Investment Opportunity - Legal 6-Unit Building in Brooklyn Welcome to 350 E 51st Street, a legal six-unit multifamily property offering an excellent opportunity to acquire an established producing asset in a highly active Brooklyn rental market. The building consists of six residential apartments, including one one-bedroom unit and five two-bedroom units, providing a strong and diversified rent roll. The property is rent stabilized and is currently occupied, making it well suited for an investor looking for an existing multifamily asset with consistent in-place income. The building is in good overall condition and also features an unfinished basement currently utilized for storage, providing additional functional space for the property. Conveniently located in Brooklyn with access to neighborhood shopping, restaurants, schools, parks, public transportation, and major roadways, the property benefits from the consistent rental demand and accessibility that make this area attractive to long-term multifamily investors. Property Highlights: Legal 6-unit multifamily building Rent stabilized 1 one-bedroom apartment 5 two-bedroom apartments Strong existing rent roll Property currently occupied Good overall condition Unfinished basement utilized for storage Established Brooklyn rental location Excellent opportunity for a long-term multifamily investor
Full Property Details
Full Property Details for 350 E 51st St
General
- Price: $999,999
- Taxes: $19,184
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1051701
- Updated: Today (9/16/2026)
- Added to Site: Today
Parking
- Parking Features: Off Street
Location
- County: Kings (Brooklyn)
School Information
- High School District: Brooklyn 18
- Elementary School: Ps 268 Emma Lazarus
- Middle School: Middle School Of Media Law And Fine Arts (The)
- High School: Brooklyn Bridge Academy
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Oil
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Walk-Out Access
- Building Size: 6150
- Square Feet: 6,150
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.0574
- Lot Size (Sq. Ft.): 2,500
- Zoning: R5
Financial Considerations
- Tax Amount: $19,184.04
Disclosures and Reports
- Special Conditions: None
- Property ID: 04676-0011
Listed by 1st American One NYC LTD
Get Pre-Approved Today
Schools
Schools serving 350 E 51st St
School District:New York City Geographic School District 18
| Name | Grades | Distance |
|---|---|---|
Ps 268 Emma Lazarus 133 East 53rd Street, Brooklyn, NY 11203 | K-5 | 0.3 mi |
Middle School of Media Law and Fine Arts (The) 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.4 mi |
Middle School Of Marketing And Legal Studies 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 350 E 51st St
Date
Details
Price
Change
Source
9/16/2026
Listed
$999,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 350 E 51st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,373
—
$383,850
148%
2025
$19,373
3%
$154,985
-46%
2024
$18,772
8%
$287,100
7%
2023
$17,384
10%
$269,550
-3%
2022
$15,794
8%
$279,000
8%
2021
$14,625
-2%
$258,300
-9%
2020
$14,870
3%
$283,500
-20%
2019
$14,406
14%
$354,600
232%
2017
$12,597
—
$106,960
8%
2017
$12,597
7%
$99,041
8%
2016
$11,823
—
$91,707
—
2015
$11,815
9%
$91,707
3%
2014
$10,796
5%
$88,847
8%
2013
$10,234
—
$82,277
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 350 E 51st St
350 E 51st Street, Brooklyn, NY 11203 (MLS# 1051701) is a Commercial property. 350 E 51st Street is currently listed for $999,999 and was received on September 16, 2026. Want to learn more about 350 E 51st Street? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

