561 Clinton St - Apartments FOR SALE


Brooklyn, NY 11231- Carroll Gardens
$5,000,000 USD
212-235-5685
561 Clinton St, Brooklyn, NY for Sale
$5,000,000 USD
Apartments - FOR SALE
1/30
null | 5.59% Cap Rate

561 Clinton St
Brooklyn, NY 11231
Carroll Gardens


HIGHLIGHTS

  • Corner location in Carroll Gardens with strong neighborhood appeal
  • Mixed-use configuration featuring residential and retail components
  • Free-market apartments offering stable income and growth potential
  • Street-level commercial spaces ideal for boutique retail or office use
  • Excellent transit access near F and G subway lines and major thoroughfares
  • Situated in a high-demand area known for dining, shopping, and lifestyle amenities

OVERVIEW

561 Clinton Street offers a rare investment opportunity in the heart of Carroll Gardens, one of Brooklyn’s most desirable neighborhoods. This four-story mixed-use building combines historic charm with strong income potential, featuring five free-market residential apartments and four commercial units. With a total built size of approximately 5,000 square feet on a 20-by-90-foot lot, the property is strategically positioned on the northeast corner of Huntington Street and Hamilton Avenue, steps from the Smith Street corridor and F/G subway lines. The asset is delivered free and clear, with no open HPD violations, and boasts a projected annual rent roll of nearly $370,000. Residential units include a balanced mix of studio, one-bedroom, and two-bedroom layouts, while commercial spaces offer prime street-level visibility ideal for retail or office use. Current tenancy includes a long-term nail salon, with additional spaces ready for lease-up, providing immediate upside for investors. Financial metrics underscore the property’s strength: a 5.6% cap rate, 13.5x GRM, and an estimated net operating income of $279,601. Offered at $5,000,000 all cash, this asset represents a compelling blend of stability and growth in a neighborhood known for its vibrant dining, boutique retail, and proximity to Downtown Brooklyn and Manhattan. Whether you’re seeking a steady income stream or long-term appreciation, 561 Clinton Street delivers on every front.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,000 USD /SF

# OF UNITS

7

PRICE/UNIT

$714,286

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R6

APN/PARCEL ID

00379-0001

ASK ABOUT THIS PROPERTY

Joseph FriedmanBlackshore RealtyMore Info
212-235-5685

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Joseph FriedmanBlackshore RealtyMore Info
212-235-5685

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.