$3,295,000
Updated 9 years ago
Off Market

431 De Kalb Ave

Clinton Hill, Brooklyn | Saint James Place & Classon Ave

40 Rooms18 Beds8 Baths8,000 Square FeetMixed Use

$3,295,000
floors / apts4 / 6
Building TypeLow-Rise
RE Taxes$16,128
Price Per SF
$412

Building Amenities

  • Voice Intercom

Property Description for 431 De Kalb Ave

The Forray Team @ The Corcoran Group has been retained to exclusively represent ownership in the sale of 431 Dekalb Avenue in Clinton Hill Prime. The 8,000 SF Corner Mixed-Use Building consists of 3x ground floor commercial units, 6x rent-stabilized residential units, rear yard with double-wide curb cut for 2x parking spots & a full-height 2,000 SF cellar. Located on the corner of Dekalb and Classon Ave, directly across from Pratt Institute and less than a block from the Classon Ave G subway line. The 4 story building sits on a 25x100 corner lot, is built 25 x 80 & has additional FAR. Zoning is R7A, C2-4. It's an amazing investment opportunity with significant long term upside and value. 2 of the commercial units can be delivered vacant at closing and there is potential for substantial residential rental increases in the future. Please call or email exclusive brokers for more information.

Listing History for 431 De Kalb Ave

Now
10/16/2017
POM by Evan F. Church
Corcoran
06/21/2017
$3,295,000 [-$205,000] [5.9%]
Price Drop by Evan F. Church
Corcoran

Building Details for 431 De Kalb Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Classon Av
0.12 miles
Bedford-Nostrand Avs
0.35 miles
Clinton-Washington Avs
0.39 miles

Citi Bike

Lafayette Ave & Franklin Ave
0.17 miles
Emerson Pl & Myrtle Ave
0.24 miles

Contact Agents

Contact Agents

Evan Church
Corcoran
Marvin Chu
Corcoran

Clinton Hill | Brooklyn

Quick Profile

Tucked behind the Brooklyn Navy Yard in central Brooklyn is the quiet residential neighborhood of Clinton Hill. Once a strictly working-class neighborhood, Clinton Hill has become known for its elegant brownstones and stately mansions that were built as Manhattanites crossed the East River in the 1920s in search of the supposed health benefits that came from living “on the hill,” which has an elevation of 95 feet. Now you will also find newer luxury apartment and condo buildings interspersed throughout the neighborhood.

The Pratt Institute and St. Joseph College give the area a certain energy that comes from having a college in your town, while it’s leafy streets, some with their original cobblestones, and slower pace attract young families. Millennials and professionals are flocking to Clinton Hill in search of a reasonably priced neighborhood that offers both nightlife and an easy commute to Manhattan. Clinton Hill is a beautiful neighborhood with a suburban feel and firm roots in its past that also offers plenty of urban amenities.

New businesses are showing up in Clinton Hill on a regular basis, adding to the current proliferation of coffee shops, restaurants, and bars. As the population changes, new entertainment and nightlife venues are migrating to the area to meet the demand. Barclays Center is within easy walking distance, offering exciting sporting events and concerts.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 68680TH