Prime Heights Pre-War Apartment Building, Brooklyn Heights, New York - $7,950,000 - Brown Harris Stevens | Bold Honest Smart, Luxury Real Estate

Brown Harris Stevens | Bold Honest Smart

Close

Asking Price:

Percent Down:

Loan Amount:

Interest Rate:

Loan Term (years):

Estimated Mortgage Payment:

Total Monthly Payment:

Close

* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Prime Heights Pre-War Apartment Building

Brooklyn Heights, New York|$7,950,000

Prime Heights Pre-War Apartment Building, Brooklyn Heights, New York, $7,950,000, Web #: 19662055
Prime Heights Pre-War Apartment Building, Brooklyn Heights, New York, $7,950,000, Web #: 19662055
1 of 2

Contract Signed

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...

Read More

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.

Key Details

Brooklyn Heights, New York
Commercial
$7,950,000

ID: 19662055

Residence Information

Type: Commercial
Rooms: 52.0
Bedrooms: 28
Bathrooms: 13.0

Building Information

Elevator: Yes
Basement: Yes
Facade: Brick

Nearby Subways

Clark St, 0.09 mi.

High St, 0.18 mi.

Court St, 0.21 mi.

Borough Hall, 0.28 mi.

York St, 0.29 mi.

Borough Hall, 0.31 mi.

Jay St, Borough Hall, 0.37 mi.

More from this Agent

View All
60 COURT STREET 2K

60 Court Street, 2K, Rental
Brooklyn Heights|$3,800
1 Bdrms | 1 Bath | 3 Rooms
ID: 16290354 Brian Lehner  (718) 858-5423

62 CLARK STREET BR

62 Clark Street, BR, Rental
Brooklyn Heights|$3,100
1 Bdrms | 1 Bath | 3 Rooms
ID: 20203811 Brian Lehner  (718) 858-5423

51 CRANBERRY STREET

51 Cranberry Street, Townhouse
Brooklyn Heights|$6,950,000
6 Bdrms | 3.5 Baths | 11 Rooms
ID: 14658385 Brian Lehner  (718) 858-5423

224 PACIFIC STREET 2R

224 Pacific Street, 2R, Rental
Cobble Hill|$3,400
2 Bdrms | 1 Bath | 4 Rooms
ID: 20203775 Brian Lehner  (718) 858-5423

Return to Top