$3,400,000
$3M PRICE DROP

Estimated payment $21,712/month

Total Views 731
-- Bed
-- Bath
4,880 Sq Ft
$697 Price per Sq Ft

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Back Yard
  • P.S. 208 Elsa Ebeling Rated 9+
  • Hot Water Heating System

About This Home

814–816 51st Street presents a rare opportunity to acquire a well-maintained 4-story mixed-use property offered at $6,800,000. The building features four (4) stores and four (4) residential apartments, including two (2) 2-bedroom units and two (2) 1-bedroom units. The residential units offer functional layouts with good natural light and consistent rental demand. The retail component provides additional income and diversification. The property has been well maintained and offers stable cash flow with potential for future upside. Conveniently located near shopping, schools, and public transportation, providing easy access to neighborhood amenities and commuting options. Ideal for investors seeking a solid income-producing asset in a desirable and accessible location.

Listing Agent

Hang Chen

RE/MAX Real Estate Professionals License #10401288321 Listed on: 04/20/2026

RE/MAX Real Estate Professionals

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $38,227

Year Built

  • Built in 1920

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard
  • Property is zoned R6

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,880 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Utilities

  • Multiple cooling system units
  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5651

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $5,000
  • Gross Income $179,400

Property Details

Property Type

Other

Est. Annual Taxes

$38,227

Year Built

Built in 1920

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar, Finished, Full
  • Borough: Brooklyn
  • Building Length: 90.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 8th Av
  • Cross Street Name2: 9th Av
  • Heat Delivery: Hot Water, Other
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4880
  • Building Stories: 2
  • Street Name I D X: 51st
  • Year Built: 1920
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 12
  • Roof: Flat

Utilities

  • Air Conditioning Units: 4
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6

Multi Family

  • Annual Gross Income: 179400
  • Insurance Expense: 5000.00
  • Unit Count: 4

Tax Info

  • Flip Tax Amount: 38227.00

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,143 $40,140 $13,740 $26,400
2025 $6,097 $34,440 $13,740 $20,700
2024 $6,097 $34,200 $13,740 $20,460
2023 $5,800 $33,900 $13,740 $20,160
2022 $5,356 $37,140 $13,740 $23,400
2021 $5,652 $28,680 $13,740 $14,940
2020 $5,350 $34,440 $13,740 $20,700
2019 $5,243 $34,440 $13,740 $20,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/20/2026 04/20/26 Price Changed $3,400,000 -50.0% $697 / Sq Ft
04/20/2026 04/20/26 For Sale $6,800,000 -- $1,393 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $100,575 No Value Available
Previous Owner $356,125 Purchase Money Mortgage
Closed $287,000 No Value Available
Closed $36,564 No Value Available
Closed $206,000 No Value Available
Previous Owner $152,000 No Value Available
Previous Owner $100,000 Unknown
Previous Owner $8,750 Credit Line Revolving
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 500669

Brooklyn Board of REALTORS®

APN: 04781-0020

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