Renovated Brooklyn Two-Family
For Sale
$2,900,000
155 Clifton Pl, Brooklyn, NY 11238
Turnkey two-family townhouse with income potential in Brooklyn.
Property Size3,056 SF
Days on Market168
Property Features for 155 Clifton Pl
General Information
Standard status
Active
Size
3,056 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,636
Building Details
Building Size
3,056 SF
Year Built
1899
Units
2
Listed By:
Yitzhak Cotler
(516) 668-2346
Source:
Elliman
Added: Apr 24
Changed: Oct 6
Last Checked: Oct 7 at 2:40PM
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 Yitzhak Cotler
Investment Insights
Based on property information with market context.
This turnkey, four-story two-family townhouse with a cellar is situated in a coveted Brooklyn neighborhood, offering volume, flexibility, and income potential. The property has been fully renovated and is configured as a two-bedroom garden apartment and an expansive owner’s triplex, providing a blend of lifestyle and versatility. The garden apartment features a living/dining area, kitchen, in-unit laundry, a full bath, and two bedrooms, including a primary suite with an en-suite bathroom. The owner’s triplex spans three levels and includes living and dining areas, a bathroom, in-unit laundry, and a kitchen that opens to a private deck with stairs leading to the backyard. The upper floors offer flexibility with eight bedrooms and four full bathrooms; the third floor contains four bedrooms and two full baths, and the fourth floor also contains four bedrooms and two full baths. High ceilings and A/C in every room are included. The property has annual property taxes of $6,636. The location is very bikeable with a bike score of 79, very walkable with a walk score of 89, and has excellent transit options with a transit score of 95.
Key Highlights
- Turnkey, fully renovated two‑family townhouse offering immediate move‑in readiness.
- Configured as a two‑bedroom garden apartment (income potential) plus an expansive owner’s triplex.
- Owner's triplex features a kitchen opening to a private deck and backyard, ideal for indoor‑outdoor living.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,026
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,140,520
$2.1M
Cap Rate 7%
$1,528,943
$1.5M
Cap Rate 9%
$1,189,178
$1.2M
Market Conditions
NOI Build-Up for 3,056 SF
Gross rent
$155.9K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$152.9K $50.03/SF
− OpEx
−$45.9K −$15.01/SF
NOI
$107.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,140,520
Cap Rate 7%
$1,528,943
Cap Rate 9%
$1,189,178
Alternative Uses
Best Use
Multifamily LT 5
$1.53M
$1.34M – $1.78M
NOI $107,026 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$1.33M
$1.17M – $1.55M
NOI $93,297 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$2.53M
$2.21M – $2.95M
NOI $177,126 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,827
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey two-family townhouse with income potential in Brooklyn.
Where is this duplex located?
The property is located at 155 Clifton Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Turnkey, fully renovated two‑family townhouse offering immediate move‑in readiness.; Configured as a two‑bedroom garden apartment (income potential) plus an expansive owner’s triplex.; Owner's triplex features a kitchen opening to a private deck and backyard, ideal for indoor‑outdoor living.
