Eight-Unit Apartment
For Sale
$3,690,000
19 Clifford Place, Brooklyn, NY 11222
COMMERCIAL - Other - Brooklyn, NY
Property Size7,000 SF
Lot Size0.06 Acres
Price / SF$527.14
Days on Market83
Property Features for 19 Clifford Place
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
16
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 6, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 7, Bedroom 11, Bathroom 4, Bedroom 8, Bedroom 12, Bathroom 3, Bedroom 13, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 10, Bedroom 15, Bedroom 2, Bathroom 9, Bedroom 16, Bedroom 7, Bathroom 6, Bedroom 14, Bedroom 9, Bathroom 8
Subdivision
Greenpoint
High school district
000000
Standard status
Active
Size
7,000 SF
Lot size
0.06 Acres
Amenities
rear yard
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Olgierd Minkiewicz · License #10301219271
Added: May 19
Changed: Aug 9
Last Checked: Aug 9 at 10:06PM
MLS# 11831833
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
19 Clifford Place is an eight-unit apartment building built in 1930. The four-story masonry property totals approximately 7,000 square feet of residential space and is configured with eight units featuring 16 bedrooms and 9 bathrooms. Units are described as sun-filled and well proportioned, with an average unit size of approximately 875 square feet.
The building is arranged as a 25-foot-wide structure that extends 70 feet deep on a 25 x 100-foot lot. An expansive approximately 30 x 25-foot rear yard adds outdoor space to the property. For access and daily convenience, the location is one block from Franklin Street and three blocks from Manhattan Avenue, with transportation options via the G and L subway lines and proximity to the Greenpoint and Williamsburg waterfronts.
The layout and size support a straightforward multifamily use within a classic Brooklyn context.
The building is arranged as a 25-foot-wide structure that extends 70 feet deep on a 25 x 100-foot lot. An expansive approximately 30 x 25-foot rear yard adds outdoor space to the property. For access and daily convenience, the location is one block from Franklin Street and three blocks from Manhattan Avenue, with transportation options via the G and L subway lines and proximity to the Greenpoint and Williamsburg waterfronts.
The layout and size support a straightforward multifamily use within a classic Brooklyn context.
Key Highlights
- Built in 1930 four‑story masonry apartment building
- Eight units with 16 bedrooms and 9 bathrooms average unit size approximately 875 SF
- Approximately 7,000 SF of residential space total
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$213,703
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,274,060
$4.3M
Cap Rate 7%
$3,052,900
$3.1M
Cap Rate 9%
$2,374,478
$2.4M
Market Conditions
NOI Build-Up for 7,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$396.5K $56.64/SF
− Vacancy
−$7.9K −$1.13/SF
EGI
$388.6K $55.51/SF
− OpEx
−$174.8K −$24.98/SF
NOI
$213.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,274,060
Cap Rate 7%
$3,052,900
Cap Rate 9%
$2,374,478
Alternative Uses
Best Use
Apartment 5plus
$3.05M
$2.67M – $3.56M
NOI $213,703 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.80M
$5.07M – $6.76M
NOI $405,720 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
5,992
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1930, this four-story masonry apartment building offers eight residences with 16 bedrooms and 9 bathrooms.
Where is this apartment building located?
The property is located at 19 Clifford Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,690,000.
What are key features of this property?
This property features: Built in 1930 four‑story masonry apartment building; Eight units with 16 bedrooms and 9 bathrooms average unit size approximately 875 SF; Approximately 7,000 SF of residential space total
