Total Square Feet
25,220 SF
Gross Annual Revenue (In-Place)
$1,020,000
Projected Renovation Costs
$100K-175K/Unit
Avg. Condo Sales in Clinton Hill
$1,350/SF
Projected Sellout (At current market avg. $/SF)
$32+ Million
Key Details
Key Investment Highlights
- Well-maintained property with minimal upkeep
- Condo lots already assigned
- No rent stabilization/regulation
- Clear path to exit
- Significant savings over gut-rehab or ground-up condo development
- Value-add strategy: high-impact refresh of existing finishes & fixtures
- In-place cash flow, offsets holding costs during renovation period
- Submarket condo sellouts upwards of $1,350/SF * see recent comparables on following pages
Brokers
Request Pricing / Contact
For sale
98-106 Clifton Place, Brooklyn, NY 11238
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