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650 51st Street 1, Brooklyn, NY 11220

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For Sale

$825,000

3 beds • 2 baths • 1,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $550.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This prime Sunset Park duplex unit is about 1500 sf consisting of 3 spacious bedrooms and 2 full bathrooms which includes half portion of the basement. The 1st floor has 2 bedrooms, 1 bathroom, living, dining, laundry and kitchen. The high ceiling basement has extra space and a bathroom. There are hardwood floors throughout the unit with large Anderson Windows and 9 feet high ceilings. Whole building was gut renovated in 1996. Roof was done not long ago. This unit will allow having some shared basement storage area and half of the backyard to grow summer vegetables or quiet enjoyment. It is in the area of Maimonides Medical Center, also within a short distance of all transportation, shopping, restaurants, and great schools. Close to 8th Ave & 5th Ave. The building is operated by Housing Preservation and Development (HUD). Buyer must meet the income requirements, and the household assets must not exceed the Asset Limit (which is 175% of AMI for a household of four or $198,975 per HPD's). Please check their website (https://www1.nyc.gov/assets/hpd/downloads/pdfs/services/asset-and-property-limits.pdf) The income guidelines including minimum requirement can be found on HPD website (https://www1.nyc.gov/site/hpd/services-and-information/do-you-qualify). Please request showing if you meet both minimum and maximum income requirements as per 120% AMI listed on HPD website. Each shareholder must live in their unit as their primary residence. The building is managed by HDFC, LLC formatted by the shareholders. Future owners have to do the same.
MLS# 492444

Courtesy Of RE/MAX Real Estate Professiona

(718) 532-2000

Open Houses

August

3

Sunday

In Person

Sunday, August 3, 2025

1:00PM - 1:30PM

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Refrigerator
  • Architecture Style
    Other

Map and Directions

Directions to 650 51st Street 1, Brooklyn, NY 11220

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Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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