Several converging factors make this opportunity an attractive option for those seeking tosupplement their portfolio witha boutique investment propertywith solid fundamentals andhigh upside.
READY TO UPGRADE:
Sixteen condominiums; Including 8 units that are loft style duplexesand triplexes range f rom 1,300 to1 ,700 square feet and have been wellmaintained since being constructedin 2003. Exteriors are marked byrich brown brick fa ades, whileinteriors feature hardwood floors,sash windows, and open-planlayouts. Buildings also have privateoutdoor space and shared laundry
facilities. Further modernizations will incur minimal renovation costs beyond light cosmetic enhancements.
COMPLETED CONDO CONVERSION:
The Yarn Factory offers significant savings compared to undertakinga ground-up condo development.Investors can use the resources andtime they would have put into theconversion process to make simpledesign changes and create luxurycondos catering to market preferences and tastes.Don't miss your chance to acquirethis rare, fully converted condoportfolio in one of New York's mostsought-after communities.
Contact us today to learn more about this unique investment opportunity.
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.
Who wouldn’t want to gaze on to Union Square? This highly exclusive building Flatiron District was built in 1869 and rebuilt into luxurious boutique condos in 2008 from what was the original corporate Tiffany Building. Former world number 1, tennis star, Caroline Wozniacki, is among the building’s prestigious residents. As one should expect from ...
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