Eight-Unit Multifamily
For Sale
$3,690,000
19 Clifford Place, Brooklyn, NY 11222
Built in 1930, this four-story eight-unit building offers 16 bedrooms and 9 bathrooms plus a rear yard for tenants.
Property Size7,000 SF
Lot Size0.06 Acres
Price / SF$527.14
Days on Market56
Property Features for 19 Clifford Place
General Information
Standard status
Active
Size
7,000 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$18,348
Amenities
rear yard
Building Details
Building Size
7,000 SF
Year Built
1930
Buildings
1
Stories
4
Construction
masonry
Listing Agency:
Compass
(347) 216-2494
Listed By:
Olgierd M Minkiewicz · License #10301219271
(347) 216-2494
Source:
Carlinwright
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 9 at 11:41AM
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 Compass
Investment Insights
Based on property information with market context.
19 Clifford Place is a four-story, eight-unit multifamily building built in 1930. The property totals approximately 7,000 square feet of residential space and is configured with eight residential units providing 16 bedrooms and 9 bathrooms. Masonry construction and bright, well-proportioned apartments support day-to-day livability.
The building measures approximately 25' wide and extends 70 feet deep on a 25' x 100' lot. An expansive approximately 30' x 25' rear yard provides valuable outdoor space.
Located at the border of Greenpoint and Williamsburg, the property is one block from Franklin Street and three blocks from Manhattan Avenue. Convenient transportation is available via the G and L subway lines, with access to the Greenpoint and Williamsburg waterfronts nearby.
The building measures approximately 25' wide and extends 70 feet deep on a 25' x 100' lot. An expansive approximately 30' x 25' rear yard provides valuable outdoor space.
Located at the border of Greenpoint and Williamsburg, the property is one block from Franklin Street and three blocks from Manhattan Avenue. Convenient transportation is available via the G and L subway lines, with access to the Greenpoint and Williamsburg waterfronts nearby.
Key Highlights
- Eight residential units with 16 bedrooms and 9 bathrooms
- Four‑story, built in 1930 masonry multifamily building
- Approximately 7,000 SF of residential space
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
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 eight-unit building offers 16 bedrooms and 9 bathrooms plus a rear yard for tenants.
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: Eight residential units with 16 bedrooms and 9 bathrooms; Four‑story, built in 1930 masonry multifamily building; Approximately 7,000 SF of residential space
