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.
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.
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Building Features 6 Floors12 Units


$7,950,000 / $462 per ft²

In Contract: May 01, 2020

56 Days to enter contract

28 Beds / 13.0 Baths / 17,184 ft²

Total Monthly expenses: -

Maintenance: - / R.E. Taxes -

Exclusively listed with: Brown Harris Stevens

Brian Lehner

(718) 875-1289

Listing Courtesy of Brown Harris Stevens View Listing

Unit listing history

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