394 E 8th Street
394 East 8th Street, New York, NY, 10009, US
38 units
Description
Jones Lang LaSalle (“JLL”) has been exclusively retained to market the sale of 1016 50th Street and 5001 10th Avenue, 2 adjacent multifamily buildings located in the heart of Borough Park, Brooklyn. 1016 50th Street features approximately 200 feet of wraparound frontage at the northeast corner of 50th Street and Fort Hamilton Parkway, while 5001 10th Avenue offers roughly 195 feet of wraparound frontage at the northwest corner of the same block, at 50th Street and 10th Avenue.
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Attributes
Total GSF
~73,000
1016 50th Street NSF
34,800
5001 10th Avenue NSF
30,700
Number of units
89
Occupancy
100%
Master Lease Term
30 years
Media
Investment Highlights
- Stabilized, Long-Term Cash Flow Backed by Essential Government-Supported Housing Demand
- Demand for Supportive Housing Continues to Rise
- Significant Repositioning and Exit Flexibility
- Predominantly Free-Market Residential Composition
- Underlying Sub-Rehab & Flexible Alternate Uses
- Fully Gut-Renovated Assets
- Prime Borough Park Corner Locations with Proximity to Maimonides
- Embedded Upside from Mixed-Use and Ancillary Income
Contact brokers
1016 50th Street / 5001 10th Avenue (0 Properties)
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Last updated
12 May 2026
