Co-Op 1br 1ba - 1275 E 51st St Unit 3h, Brooklyn, Ny
$200,000
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What this actually costs to close
- List price
- $200,000
- Est. closing costs
- $2,000 to $6,000
- Est. all-in
- $202,000 to $206,000
Closing costs run 1% to 3% and cover owner's title insurance, settlement or escrow fee, recording fees. Financing costs are excluded. Transfer tax is excluded: rates run 0% to 4%+ and who pays is set by local custom and negotiable.
BidProwl Summary
Renovated 1-bed 1-bath co-op unit built in 1965 with 750 square feet of living space, updated appliances, fresh paint, new carpet, and upgraded plumbing and electrical systems in Brooklyn. Investor-flippers and owner-occupants target stabilized co-op units in established neighborhoods for rental income or primary residence, especially with recent upgrades reducing immediate work. Verify board approval requirements and timeline, confirm maintenance fee of $822.68 plus $210.95 assessment through December 2026, inspect all new systems before closing, and understand flip tax and transfer tax obligations as buyer.
AI summary of the seller's listing; it may occasionally contain inaccuracies. Check the full description and inspect before bidding.
Description from Fannie Mae HomePath
1275 E 51ST ST UNIT 3H, BROOKLYN, NY 11234. 1 bed | 1 bath | 700 sq ft | built 1965 | 700 sq ft lot. Renovated one bedroom unit available for sale in Kings Village. This Fannie Mae unit features 750 square feet of living space, lots of closets, a living room, one large bedroom with window, kitchen and new appliances. The many upgrades include fresh paint, fixtures, plumbing, electrical, and new carpet. Located close proximity to shopping, transportation, and schools. Monthly maintenance $822.68 plus $210.95 assessment fee ending 12/2026. Buyer pays flip and transfer tax fees - 20 percent down payment, board approval. Don't miss this opportunity.
Property location
Brooklyn, NY 11234
Open in Google MapsFannie Mae
Seller on Fannie Mae HomePath
Bedrooms: 1
Bathrooms: 1
Living Area: 700 sq ft
Lot Size: 700 sq ft
Year Built: 1965
Property Type: Co-op
Occupancy: Vacant
County: KINGS
