Triplex Residential Income
New
For Sale
$1,225,000
106 Clifton Place 1B, Brooklyn, NY 11238
A private yard and recently renovated kitchen complement the residence’s multi-level layout.
Property Size1,452 SF
Price / SF$843.66
Days on Market5
Property Features for 106 Clifton Place 1B
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,807
Amenities
private yard
building laundry
in-unit laundry
Building Details
Building Size
1,452 SF
Year Built
2003
Listing Agency:
Corcoran Group
Listed By:
Sephrah Claudia Towbin · License #10401286451
(718) 637-3916
Source:
Nilelundgren
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group
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Investment Insights
Based on property information with market context.
This condominium residence is arranged as a triplex across three floors and contains 1,452 square feet. Its layout includes two full bathrooms, a private yard, and a recently renovated kitchen. Laundry is available inside the unit as well as in the building.
The apartment is part of a professionally managed condominium group in Clinton Hill, Brooklyn. The building was constructed in 2003 and contains four condominium apartments, with shared laundry facilities.
The apartment is part of a professionally managed condominium group in Clinton Hill, Brooklyn. The building was constructed in 2003 and contains four condominium apartments, with shared laundry facilities.
Key Highlights
- Three‑floor triplex with 1,452 square feet
- Private yard
- Two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,328
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,560
$886.6K
Cap Rate 7%
$633,257
$633.3K
Cap Rate 9%
$492,533
$492.5K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$82.2K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$80.6K $55.51/SF
− OpEx
−$36.3K −$24.98/SF
NOI
$44.3K $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 Rate 5%
$886,560
Cap Rate 7%
$633,257
Cap Rate 9%
$492,533
Alternative Uses
Best Use
Apartment 5plus
$633.3K
$554.1K – $738.8K
NOI $44,328 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,158 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,921
Businesses Nearby
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Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private yard and recently renovated kitchen complement the residence’s multi-level layout.
Where is this residential income property located?
The property is located at 106 Clifton Place 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Three‑floor triplex with 1,452 square feet; Private yard; Two full bathrooms
