Four-Unit
354 Clinton Street, Brooklyn, NY 11231
For Sale
New
$4,500,000
Separate gas and electric meters serve the apartments; three are vacant, while one has a rent-controlled tenant.
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$1,022
Days on Market3
Property Features for 354 Clinton Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Road Access
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
rear garden
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Mara Ingram
(917) 804-6082
Source:
Miradorrealestate
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:40PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1901 four-unit townhouse contains approximately 4,400 square feet on a 22-by-106-foot lot, with a 22-foot building width and a rear garden. Interior details include decorative plaster ceilings, original woodwork, oak and pine floors, and working fireplaces. Three apartments are to be delivered vacant; the fourth-floor unit has a rent-controlled tenant. Gas and electricity are separately metered for each apartment.
Located within the Cobble Hill Historic District, the property is near shops and restaurants on Court and Smith Streets and the F and G trains. Building work includes a gas-fired boiler installed in October 2026, sidewalk improvements completed in 2026, and a fourth-floor bathroom renovation in 2025. Other updates include parlor-floor plasterwork, painting, appliance replacements, a water-riser upgrade, and rear masonry repointing.
Located within the Cobble Hill Historic District, the property is near shops and restaurants on Court and Smith Streets and the F and G trains. Building work includes a gas-fired boiler installed in October 2026, sidewalk improvements completed in 2026, and a fourth-floor bathroom renovation in 2025. Other updates include parlor-floor plasterwork, painting, appliance replacements, a water-riser upgrade, and rear masonry repointing.
Key Highlights
- Approximately 4,400 square feet on a 22‑by‑106‑foot lot; building is 22 feet wide
- Four apartments; three delivered vacant and one occupied by a rent‑controlled tenant
- Gas and electricity separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,095
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,081,900
$3.1M
Cap Rate 7%
$2,201,357
$2.2M
Cap Rate 9%
$1,712,167
$1.7M
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$224.4K $51.00/SF
− Vacancy
−$4.3K −$0.97/SF
EGI
$220.1K $50.03/SF
− OpEx
−$66.0K −$15.01/SF
NOI
$154.1K $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%
$3,081,900
Cap Rate 7%
$2,201,357
Cap Rate 9%
$1,712,167
Alternative Uses
Best Use
Multifamily LT 5
$2.20M
$1.93M – $2.57M
NOI $154,095 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,327 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $255,024 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8,919
Businesses Nearby
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Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate gas and electric meters serve the apartments; three are vacant, while one has a rent-controlled tenant.
Where is this quadplex located?
The property is located at 354 Clinton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 4,400 square feet on a 22‑by‑106‑foot lot; building is 22 feet wide; Four apartments; three delivered vacant and one occupied by a rent‑controlled tenant; Gas and electricity separately metered for each unit
