148-150 Clinton St. N/A $10,950,000

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    148-150 Clinton St. N/A Brooklyn, NY 11201

    • 24 Beds
    • 22 Baths
    • 15,512 sq. ft.
    • Condo/Townhouse
    • MLS# 3780535
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    Views: 14 Days On Site: 48

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    Property Details

    23 UNIT RENTAL BUILDING IN BROOKLYN HEIGHTS! SERHANT. has been engaged by Ownership to offer for 148-150 Clinton Avenue (“the Property”), two side-by-side four-story buildings located in the highly desirable Brooklyn Heights neighborhood of New York. Designed in the early 20th Century by J. Sarsfield Kennedy, the buildings sit in the Brooklyn Heights Historic District on a prominent corner of Clinton Street and Aitken Place/Livingston Street and offer 52 feet of frontage. The total square footage at the Property is approximately 15,512 SF and there are 23 total units between the buildings, of which five are rent stabilized. The unit mix at the Property consists of one and two-bedroom units. 150 Clinton Street offers 6,045 SF with 8 residential units (7 FM and 1 RS). 149 Clinton Street offers 9,467 SF and consists of 13 residential units (11 FM and 2 RS). There are three additional garden-style apartments located at 20 Aitken Place, two of these are rent stabilized. In addition to the beautiful limestone façade, many of the units feature exposed brick. The units at 20 Aitken place are positioned with one Garden Style home on the rear of 148 Clinton and two Garden Style homes on the lot of 150 Clinton. There is a courtyard and garden at the rear of the properties. 148-150 Clinton provides an investor with a tremendous canvass to bring best-in-class residential units to market for rent. Of the 23 units, 18 of which are Free-Market, having last been renovated in the early 2000’s. All of the Free-market units will be delivered vacant. They are currently leased as Student Housing in the $40 P/SF range, providing massive rental upside in a rapidly expanding market. The Property is conveniently located steps from the Borough Hall Subway Station which services the 2 ,3, 4 and 5 trains. The Court Street Station, which is 3-blocks north of the Property services the N, Q and R train lines. The Jay Street Metro Tech Station, which is a 10-minute walk from the Property, services the A, C, F, N, and W subway lines and offers access to the B26, B57, B62 and B67 bus lines. The Brooklyn Heights Promenade, a 1,826 foot long tree-lined pedestrian walkway offering views of the Statue of Liberty, Brooklyn Bridge and the Manhattan Skyline, is less than 10-minutes from the Property on foot.

    • General Features
      • Floor Number 0
      • Hoa Fee 0.00
      • Neighborhood Brooklyn Heights
      • New Development No
      • Real Estate Tax 0
      • Year Built 1848
    • Building Features
      • Building Bike Storage No
      • Building Class C1
      • Building Doorman No
      • Building Elevator No
      • Building Garage No
      • Building Gym No
      • Building Laundry Yes
      • Building Name 148-150 Clinton Street
      • Building Pets No
      • Building Pool No
      • Building Prewar Yes
      • Building Rooftop No
      • Building Storage No
      • Foyer No
      • Garden Yes
      • Has Fireplace No
      • Has Outdoor Space No
      • Home Offices 0
      • Live In Super 1
      • Number of Building Stories 4
      • Number of Building Units 23
      • Number of Half Baths 0
      • Number of Rooms 0.00
      • Unit Balcony No
      • Unit Garden Yes
      • Unit Laundry Yes
      • Unit Number N/A
      • Unit Terrace No

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    Neighborhood

    11201 (Brooklyn) Demographics

    35 Median Age
    44,558 Population Density (per sq. mile)
    78% College Educated
    $129,248 Estimated Median Income
    10,422 Estimated Total Home Owners
    18,171 Estimated Total Renters
    36% / 64% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    63,378 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,715,000 Median Sales Price
    52 Homes Sold
    123 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $10,950,000
        4/4/2022 6:36:00 PM New in Database Source: Multiple Listing Service New Value: $10,950,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.