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Off market
  • $1,980,000

    176 Clinton Ave, Brooklyn, NY 11205

    9beds
    5,840sqft
    MultiFamily
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $339/sqft
    $5,138 Estimated rent

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    $5,138/mo

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    $5,138/mo

    Rent Zestimate®

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    $11,874/mo

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    $11,874/mo

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    What's special

    176 Clinton Avenue is a fully free-market, protected tax-class, 5-unit multifamily brownstone in prime Clinton Hill. Located just south of the Myrtle Avenue and Clinton Ave intersection this asset is within walking distance to Pratt Institute and all of the neighborhood's top restaurants and retail locations. There are zero open permits, 0 violations, and no issues from a paperwork perspective. The asset consists of 5 apartments spread across 4 floors. The building's profile measures 20' wide and 76' deep and offers steady cashflow with Value-Add opportunity. There is unused space on the Garden level that can be used to convert the rear 1BR unit into a full floor apartment. Although the building is immaculately maintained there is still untapped upside in rents that can be achieved through minor surface improvements. The rents are currently below market as-is. This is a prime offering for an end-user or investor in an appreciation-heavy submarket. The property is currently entirely occupied but can be delivered with the garden and parlor floors vacant.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 1
    • Full bathrooms: 1
    Appliances
    • Included: Washer
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 5,840 sqft

    Property

    Lot
    • Size: 2,400 sqft
    Details
    • Parcel number: 019010018

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1905

    Community & neighborhood

    Location
    • Region: Brooklyn

    Other

    Other facts
    • Bike Room
    • Courtyard
    • Heating included in rent
    • Hot water included in rent
    • No Fee