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Prime Heights Pre-war Apartment Building

Brooklyn Heights, Brooklyn, NY

$7,950,000

Commercial For Sale
Prime Heights Pre-war Apartment Building, Brooklyn Heights, Brooklyn, NY, 11201, $7,950,000, Property For Sale, Halstead Real Estate, Photo 1
Prime Heights Pre-war Apartment Building, Brooklyn Heights, Brooklyn, NY, 11201, $7,950,000, Property For Sale, Halstead Real Estate, Photo 2
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  • 28 Beds
  • 13 Baths
  • 52 Rooms
  • 77 x 39 Building
  • 40 x 100 Lot
  • Elevator Amenity

Property Details

Location: Brooklyn Heights, Brooklyn, NY
Price: $7,950,000
Property Type: Commercial
Type: Commercial
Web #: 19662055

Residence Information

Rooms: 52.0
Bedrooms: 28
Bathrooms: 13.0
Facade: Brick

Building Information

Wind. Air Cond. Elevator Basement

Contract Signed

Totaling over 17,000 square feet, 12 Clark St. is a six story prewar residential building with 12 generously proportioned rental apartments plus a super's apartment. It is located at the corner of Willow St. 1 short block... Read More

Totaling over 17,000 square feet, 12 Clark St. is a six story prewar residential building with 12 generously proportioned rental apartments plus a super's apartment. It is located at the corner of Willow St. 1 short block from the famed Brooklyn Heights Promenade with its stunning views of the lower Manhattan and the New York Harbor. It is also 2 blocks from the entrance to Brooklyn Bridge Park, a 10 acre waterfront park overlooking the Statue of Liberty, 1 block from 2 major subway lines, around the corner from shopping, and an easy walk to DUMBO. Many residents walk or bike across the Brooklyn Bridge to Wall Street. The property has been in the same family since 1952, and has been well maintained by the current owners, who grew up in the building.

There are Three 1 Bedroom Apartments, Six 2 Bedroom Apartments, Three 3 Bedroom Apartments, and One 4 Bedroom Apartment. All the rents are registered with DHCR. Five of the units are at market rate and an additional 2 apartments are controlled by the owners and will be delivered vacant. Current rents and lease terms are available upon request.

Financials:

Annual Income: $372,874

Annual Expenses: $200,056

NOI: $172,818

At an asking price of $698 per square foot it represents a premium growth opportunity in a community where co-op and condo apartments routinely sell for over $1400 per square foot.

Listing courtesy of Brown Harris Stevens.

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