Oops, it looks like you’re using a web browser our site no longer supports. For the best viewing experience, please use one of the following:
Google Chrome, Microsoft Edge, Apple Safari or Mozilla Firefox.
×

Mortgage Calculator

Amount to borrow:

Downpayment %:

Term (in years):

Interest rate %:

Down Payment:

Amount Financed:

Monthly Payment:

Instructions: Enter numbers and decimal points. No commas or other characters.

Log in
Not registered? Create an account
Already have an account? Log In

12 Clark St., Brooklyn, NY 11201

$7,950,000
Listing Details:
$7,950,000 Price
Townhouse Property Type
Brooklyn Heights Neighborhood
28 Beds
13 Baths
17,184 Approx. Sq. Ft.
Key Features:
Elevator
Laundry
Unit Laundry
Description:

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.

Listing courtesy of Brown Harris Stevens

Discuss this property with a Core agent: