Eight-Unit Apartment
For Sale
$3,400,000
19 Clifford Place, Brooklyn, NY 11222
Commercial Sale, Brooklyn, NY
Property Size7,000 SF
Lot Size0.06 Acres
Price / SF$485.71
Days on Market155
Property Features for 19 Clifford Place
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
16
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 9, Bedroom 3, Bedroom 7, Bathroom 9, Bedroom 1, Bedroom 4, Bedroom 12, Bathroom 2, Bathroom 8, Bedroom 2, Bedroom 6, Bedroom 10, Bedroom 16, Bathroom 4, Bedroom 8, Bedroom 14, Bathroom 5, Bathroom 7, Bedroom 15, Bathroom 3, Bedroom 13, Bedroom 5, Bathroom 6, Bedroom 11, Bathroom 1
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
Added: May 19
Changed: Oct 20
Last Checked: Oct 20 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1930, this four-story masonry apartment property contains eight residential units with 16 bedrooms and 9 bathrooms across approximately 7,000 SF. The building measures 25' x 70' and occupies a 25' x 100' lot, with an approximately 30' x 25' rear yard. Apartments average approximately 875 SF and are described as bright and well proportioned.
The property is located at 19 Clifford Place in Brooklyn’s Greenpoint area, near the Williamsburg border. Franklin Street is one block away, Manhattan Avenue is three blocks away, and the Greenpoint and Williamsburg waterfronts are nearby. The G and L subway lines provide transportation access, while surrounding dining, shopping, nightlife, and cultural destinations add neighborhood context.
The property is located at 19 Clifford Place in Brooklyn’s Greenpoint area, near the Williamsburg border. Franklin Street is one block away, Manhattan Avenue is three blocks away, and the Greenpoint and Williamsburg waterfronts are nearby. The G and L subway lines provide transportation access, while surrounding dining, shopping, nightlife, and cultural destinations add neighborhood context.
Key Highlights
- Eight‑unit apartment property built in 1930
- Four stories with 16 bedrooms and 9 bathrooms
- Approximately 7,000 SF of residential space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,703
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
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
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 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 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.80M
$5.07M – $6.76M
NOI $405,720 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story masonry property with 16 bedrooms, 9 bathrooms, and an approximately 30' x 25' rear yard.
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 $3,400,000.
What are key features of this property?
This property features: Eight‑unit apartment property built in 1930; Four stories with 16 bedrooms and 9 bathrooms; Approximately 7,000 SF of residential space
