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340 Clifton Pl
Brooklyn, NY 11216
Lafayette House · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Located in Bedford-Stuyvesant, one of Brooklyn’s most dynamic and evolving neighborhoods.
- Recent upgrades include electrical and plumbing improvements, enhancing durability and systems reliability.
- Strong rental demand supported by neighborhood redevelopment and proximity to employment hubs in Downtown Brooklyn.
- Excellent proximity to the G and A/C subway lines, providing efficient commutes to Manhattan and greater NYC.
- Surrounded by an active lifestyle mix of parks, cafes, boutique retail, and cultural amenities within walking distance.
- Opportunity to secure a quality, renovated property in an area experiencing sustained value appreciation.
Executive Summary
340 Clifton Place offers a rare opportunity to acquire a well-positioned residential asset in the thriving Bedford-Stuyvesant neighborhood of Brooklyn. Located minutes from some of the borough’s most vibrant retail corridors and cultural amenities, the property combines modernized interiors with strong long-term value potential. Renovation permits, including recent electrical and plumbing upgrades, underscore a commitment to quality improvements and operational efficiency.
Poised within one of Brooklyn’s most active residential submarkets, the property benefits from exceptional transit accessibility via the G and A/C subway lines, offering convenient connectivity to Downtown Brooklyn, Manhattan, and beyond. Surrounded by rich architectural character, historic brownstones, and an influx of new development, this location continues to attract a discerning tenant base and investor interest looking for asset stability and growth.
With its proximity to key employment centers, neighborhood green spaces, and an expanding roster of dining, shopping, and creative venues, 340 Clifton Pl stands as a strong cash-flow play with a desirable long-term appreciation outlook.
Poised within one of Brooklyn’s most active residential submarkets, the property benefits from exceptional transit accessibility via the G and A/C subway lines, offering convenient connectivity to Downtown Brooklyn, Manhattan, and beyond. Surrounded by rich architectural character, historic brownstones, and an influx of new development, this location continues to attract a discerning tenant base and investor interest looking for asset stability and growth.
With its proximity to key employment centers, neighborhood green spaces, and an expanding roster of dining, shopping, and creative venues, 340 Clifton Pl stands as a strong cash-flow play with a desirable long-term appreciation outlook.
Property Facts
| Price Per Unit | $875,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 16 | Building Size | 17,800 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | R6, Brooklyn - R6 is a medium-density residential zoning district. | ||
| Price Per Unit | $875,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 17,800 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6, Brooklyn - R6 is a medium-density residential zoning district. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 1,100 |
Property Taxes
| Parcel Number | 01794-0009 | Improvements Assessment | $2,443,050 |
| Land Assessment | $78,750 | Total Assessment | $2,521,800 |
Property Taxes
Parcel Number
01794-0009
Land Assessment
$78,750
Improvements Assessment
$2,443,050
Total Assessment
$2,521,800
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