387 Clinton Street $11,000,000

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    387 Clinton Street Brooklyn, NY 11231

    • Commercial
    MLS# RLMX-0024400333017 | Active

    $11,000,000

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    Days On Market: 72 1 Views
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    Property Details

    In the center of Brownstone Brooklyn in northern Carroll Gardens, 387 Clinton Street offers a sound investment opportunity, both financially and architecturally. The mammoth mixed-use structure is comprised of eight residential units, each with three or more bedrooms and two bathrooms. In addition to the residential units, there is also a legal medical office space (use group 4).<br><br>The building is constructed using steel and masonry. Revitalized in the 1990s, 387 Clinton Street contains many modernized features, including electrical and plumbing, handicap access and central air for the medical space, and residential amenities (dishwashers and in-unit laundry). Prospective buyers can reap significant rewards by providing the units with contemporary finishes and marketing to the ever-growing luxury market in Carroll Gardens. Multi-bedroom units are a particularly sought-after commodity in the area due to their infrequent occurrence in traditional townhouses.<br><br>On Clinton Street, between Union and Sackett Streets, a row of architecturally important homes lines the block. Unlike traditional townhouses, these distinct, steel-and-masonry-construction buildings are immense, offering sprawling apartments in multi-unit configurations. 387 Clinton Street is one of these attractive properties.)<br><br>Situated in the northern section of Carroll Gardens, the property is one block from Historic Cobble Hill and two blocks from the Columbia Street Waterfront District. From those areas, Brooklyn Bridge Park, the Brooklyn Promenade, both the Brooklyn and Manhattan Bridges, and the ever-trendy Brooklyn Heights and DUMBO are all within reach. As a neighborhood of its own, Carroll Gardens has a distinct feeling of community and a rich local culture, with many high-end boutique retailers and artisans, gourmet dining establishments, and numerous education options for people of all ages.<br><br>As is, the property is a strong investment. Envisioning how a maximization-oriented owner could enhance the investment is easy. Carroll Gardens is an ideal place for high-end rentals and luxury condominium units, and the building needs only minimal finish work to fully capture that market. The community space in the basement and spectacular roof vistas provide opportunities to expand income and enrich the buildings amenities.

    • General Features
      • Sale Or Rent Building for Sale
      • Subdivision Carroll Gardens
      • County Kings
      • Ownership Income property
      • Pet Policy1 No Pets
      • Year Built 1920
    • BuildingFeatures
      • Air Conditioning Type Unknown Type
      • Air Conditioning Type1 Unknown Type
      • Block 339
      • Borough Brooklyn
      • Building Access Walk-up
      • Age Pre-war
      • Type Townhouse
      • Built Size 42'x81'
      • Elevator False
      • Amenities Wheelchair Access;
      • Courtyard False
      • Fitness Facility False
      • Garage False
      • Garden False
      • Green Building False
      • Laundry Room False
      • New Development False
      • Pool False
      • Number of Rooms 55
      • Washer Dryer True
      • Roof Deck False
      • Floor Count 4
      • Number of Commercial Units 0
      • Number of Professional Units 0
      • Service Level Voice Intercom
    • Property Features
      • Lot Size 42'x100'

    Contact

    Hugo Salazar

    Real Estate Broker, Owner

    RE/MAX Real Estate Professionals

    Office: 718-532-2000

    Neighborhood

    11231 (Brooklyn) Demographics

    36Median Age
    25,529Population Density (per sq. mile)
    62%College Educated
    $84,223 Estimated Median Income
    4,272Estimated Total Home Owners
    11,196Estimated Total Renters
    28% / 72%Estimated Owner / Renter Divide
    4Estimated Average Household Size
    36,302Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

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    0 Homes Sold
    35 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $11,000,000
        3/8/2019 7:22:00 AM New in Database Source

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        This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2019 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing.