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561 Clinton St
Brooklyn, NY 11231
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Corner location in Carroll Gardens with strong neighborhood appeal
- Free-market apartments offering stable income and growth potential
- Excellent transit access near F and G subway lines and major thoroughfares
- Mixed-use configuration featuring residential and retail components
- Street-level commercial spaces ideal for boutique retail or office use
- Situated in a high-demand area known for dining, shopping, and lifestyle amenities
EXECUTIVE SUMMARY
561 Clinton Street offers a rare investment opportunity in the heart of Carroll Gardens, one of Brooklyn’s most desirable neighborhoods. This four-story mixed-use building combines historic charm with strong income potential, featuring five free-market residential apartments and four commercial units. With a total built size of approximately 5,000 square feet on a 20-by-90-foot lot, the property is strategically positioned on the northeast corner of Huntington Street and Hamilton Avenue, steps from the Smith Street corridor and F/G subway lines.
The asset is delivered free and clear, with no open HPD violations, and boasts a projected annual rent roll of nearly $370,000. Residential units include a balanced mix of studio, one-bedroom, and two-bedroom layouts, while commercial spaces offer prime street-level visibility ideal for retail or office use. Current tenancy includes a long-term nail salon, with additional spaces ready for lease-up, providing immediate upside for investors.
Financial metrics underscore the property’s strength: a 5.6% cap rate, 13.5x GRM, and an estimated net operating income of $279,601. Offered at $5,000,000 all cash, this asset represents a compelling blend of stability and growth in a neighborhood known for its vibrant dining, boutique retail, and proximity to Downtown Brooklyn and Manhattan. Whether you’re seeking a steady income stream or long-term appreciation, 561 Clinton Street delivers on every front.
The asset is delivered free and clear, with no open HPD violations, and boasts a projected annual rent roll of nearly $370,000. Residential units include a balanced mix of studio, one-bedroom, and two-bedroom layouts, while commercial spaces offer prime street-level visibility ideal for retail or office use. Current tenancy includes a long-term nail salon, with additional spaces ready for lease-up, providing immediate upside for investors.
Financial metrics underscore the property’s strength: a 5.6% cap rate, 13.5x GRM, and an estimated net operating income of $279,601. Offered at $5,000,000 all cash, this asset represents a compelling blend of stability and growth in a neighborhood known for its vibrant dining, boutique retail, and proximity to Downtown Brooklyn and Manhattan. Whether you’re seeking a steady income stream or long-term appreciation, 561 Clinton Street delivers on every front.
PROPERTY FACTS
| Price Per Unit | $714,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 5.59% | Building Size | 5,000 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $714,286 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6 - Medium density residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 544 |
| 1+1 | 4 | - | 708 |
PROPERTY TAXES
| Parcel Number | 00379-0001 | Improvements Assessment | $1,404,900 |
| Land Assessment | $7,200 | Total Assessment | $1,412,100 |
PROPERTY TAXES
Parcel Number
00379-0001
Land Assessment
$7,200
Improvements Assessment
$1,404,900
Total Assessment
$1,412,100
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