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Multifamily

420 Clinton Ave & 419 Vanderbilt Ave

420 Clinton Ave, Brooklyn, NY 11238

Listing Price: $15,500,000

Cap Rate
5.10%
Number of Units
49
GRM
10.41
Price/Unit
$316,327
Price/Gross SF
$246.03
Gross SF
63,000

Investment Overview

Marcus and Millichap is pleased to offer 420 Clinton Ave & 419 Vanderbilt Ave, located in an extremely sought after Clinton Hill neighborhood. This 49-unit, 63,000-square-foot building features expansive, classic pre-war layouts—primarily Classic 6 and Classic 7 apartments—offering exceptional light, air, and long-term upside potential.

Investment Highlights

  • This 49-unit, 63,000-square-foot building features expansive, classic pre-war layouts—primarily Classic 6 and Classic 7 apartments—offering exceptional light, air, and long-term upside potential.
  • 27 Rent Stabilized units, 2 Rent Controlled units.
  • 41% of the units are free market with legacy finishes.

Exclusively Listed By

Financing By

Multifamily

420 Clinton Ave & 419 Vanderbilt Ave

Listing Price: $15,500,000

Cap Rate
5.10%
Number of Units
49
GRM
10.41
Price/Unit
$316,327
Price/Gross SF
$246.03
Gross SF
63,000

Investment Highlights

  • This 49-unit, 63,000-square-foot building features expansive, classic pre-war layouts—primarily Classic 6 and Classic 7 apartments—offering exceptional light, air, and long-term upside potential.
  • 27 Rent Stabilized units, 2 Rent Controlled units.
  • 41% of the units are free market with legacy finishes.

Investment Overview

Marcus and Millichap is pleased to offer 420 Clinton Ave & 419 Vanderbilt Ave, located in an extremely sought after Clinton Hill neighborhood. This 49-unit, 63,000-square-foot building features expansive, classic pre-war layouts—primarily Classic 6 and Classic 7 apartments—offering exceptional light, air, and long-term upside potential.

Exclusively Listed By

Financing By

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