Updated 6 years ago
Off Market
12 Clark Street
Brooklyn Heights, Brooklyn | Columbia Heights & Willow Street
52 Rooms28 Beds13 Baths17,184 Square FeetIncome Property
$7,950,000
floors / apts6 / 13
Lot Size100'x40'
ZoneR6
Building TypeLow-Rise
RE Taxes$87,355
Price Per SF
$463
Outdoor space and views
- Statue of Liberty
Building Amenities
- Voice Intercom
- Elevator
- Laundry Room
Property Description for 12 Clark Street
Totaling over 17,000 square feet, 12 Clark St. is a six story prewar residential building with 12 generously proportioned rental apartments plus a super's apartment. It is located at the corner of Willow St. 1 short block from the famed Brooklyn Heights Promenade with its stunning views of the lower Manhattan and the New York Harbor. It is also 2 blocks from the entrance to Brooklyn Bridge Park, a 10 acre waterfront park overlooking the Statue of Liberty, 1 block from 2 major subway lines, around the corner from shopping, and an easy walk to DUMBO. Many residents walk or bike across the Brooklyn Bridge to Wall Street. The property has been in the same family since 1952, and has been well maintained by the current owners, who grew up in the building.
There are Three 1 Bedroom Apartments, Six 2 Bedroom Apartments, Three 3 Bedroom Apartments, and One 4 Bedroom Apartment. All the rents are registered with DHCR. Five of the units are at market rate and an additional 2 apartments are controlled by the owners and will be delivered vacant. Current rents and lease terms are available upon request.
Financials:
Annual Income: $372,874
Annual Expenses: $200,056
NOI: $172,818
At an asking price of $698 per square foot it represents a premium growth opportunity in a community where co-op and condo apartments routinely sell for over $1400 per square foot.
There are Three 1 Bedroom Apartments, Six 2 Bedroom Apartments, Three 3 Bedroom Apartments, and One 4 Bedroom Apartment. All the rents are registered with DHCR. Five of the units are at market rate and an additional 2 apartments are controlled by the owners and will be delivered vacant. Current rents and lease terms are available upon request.
Financials:
Annual Income: $372,874
Annual Expenses: $200,056
NOI: $172,818
At an asking price of $698 per square foot it represents a premium growth opportunity in a community where co-op and condo apartments routinely sell for over $1400 per square foot.
Listing History for 12 Clark Street
Now
08/29/2020
POM by Brian Lehner
Brown Harris Stevens
05/31/2020
Expired by Brian Lehner
Brown Harris Stevens
Building Details for 12 Clark Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1936
Floors/Apts6/13
Transit and Citi Bike
Subway
Clark St
0.15 miles
High St
0.29 miles
Court St
0.35 miles
Borough Hall
0.46 miles
Citi Bike
Brooklyn Bridge Park - Pier 2
0.08 miles
Clark St & Henry St
0.13 miles
Ferry
Dumbo/Fulton Ferry
0.38 miles
Brooklyn Heights | Brooklyn
Quick Profile
Brooklyn Heights was Manhattan’s first suburb. The Brooklyn Bridge is a neighborhood draw, offering some of the most beautiful views of the Manhattan skyline, as well as an easily walkable means of commuting into the City. Montague Street has been the main commercial street in Brooklyn Heights since the 1800s, but it is not overly commercialized. Smaller shops help maintain the small neighborhood feel of Brooklyn Heights.
The quaint cobblestoned side streets highlight the historic feel to this lovely, vibrant neighborhood that is filled with exciting and innovative restaurants, stores that have those perfect home decor items, that little black dress you love, and your favorite dry cleaner is right around the corner. Brooklyn Heights is your perfect city within the City.
There are apartments, condos, and co-ops that resulted from the conversion of pre-war residential hotels. The townhouses in Brooklyn Heights are often five stories, instead of the three stories found elsewhere. You’ll also find row houses and stunning single family mansions. Due to the three protected historic districts, opportunities for new construction are limited, and the appearance of the neighborhood seems frozen in the era when these buildings were originally constructed.
Renowned public and private schools make the neighborhood attractive to young families with school-age children. The neighborhood is generally “kid-friendly,” with parks, playgrounds, and quiet streets where kids can still play safely.
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: 76440TH
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