Studio 5 Bath Multi-family For Sale $4,500,000 n/a sqft
Broker: Shimon Shkury Ariel Property Advisors
Ariel Property Advisors has been retained on an exclusive basis to sell 175 Clinton Street, a 5-unit multifamily building in the noble Historical Dist
...read moreAriel Property Advisors has been retained on an exclusive basis to sell 175 Clinton Street, a 5-unit multifamily building in the noble Historical District of Brooklyn Heights. The subject property is located on the east side of Clinton Street, between State Street and Atlantic Avenue.
This well maintained 5-unit multifamily building has been carefully updated and preserved most of it's original historic value. Each floor has it's own apartment unique to it's own floor plan and are all free market. The first and second floor measure 25' x 58' and are both 2-bedroom apartments with access to private patio and garden. The top three floors measure 25' x 44', the third floor (with access to deck) and fourth floor are both 2-bedroom apartments and the fifth floor is a 1-bedroom apartment. Some of the features in this property include large bay windows, dormer windows, fireplace and high ceilings throughout each floor, exposed brick and beams, hardwood floors and skylight in it's grand hallways.
The property presents prospective investors or owner-users with an opportunity to unlock immediate value. The prospective buyer has the option to keep it as an existing residential rental or an option to convert to luxury condominium units. The location is steps away from some of Brooklyn's busiest commercial corridors such as Altlantic Avenue, Court Street, Smith Street, Montague Street and Remsen Street providing an eclectic blend of tenants from boutiques to national retailers, restaurants and large department stores. Some local points of interest within walking distances are Key Food, Urban Outfitters, Trader Joe's, Walgreens, PM Pediatrics, Marshalls, and Regal Cinemas. 175 Clinton Street also falls within school district #15 which include some of the top ranked schools.
An abundance of subway transportation is also within the immediate area including the Court Street Station with access to the N, W and R, the Borough Hall Station with access to 2, 3, 4, and 5. The property is also three blocks away from Interstate 278 which facilitates access to Manhattan and Queens.
