Residential Income Property with Renovated
For Sale
$750,000
355 Clinton Avenue 14E, Brooklyn, NY 11238
Corner residence with abundant daylight, flexible living space, and access to extensive building amenities.
Property Size844 SF
Price / SF$888.63
Days on Market38
Property Features for 355 Clinton Avenue 14E
General Information
Standard status
Active
Size
844 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
laundry facilities
bike storage
on-site maintenance
security
Building Details
Building Size
844 SF
Year Built
1946
Listing Agency:
Compass
Listed By:
Enilolobo Malika Oyo
(917) 407-8840
Source:
Miradorrealestate
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 26 at 11:10PM
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 844-square-foot corner residence offers one bedroom, one bathroom, and a layout designed around a welcoming entry foyer, a generously sized living room, and an adjoining dining area. Double exposures bring natural light into both the bedroom and living room, while the bedroom provides room for a home office or additional sitting area. The windowed kitchen has been recently renovated with stainless steel appliances, a dishwasher, updated cabinetry, and a central island. Additional interior features include parquet hardwood floors, updated lighting, custom radiator covers, built-in air conditioning, and substantial closet storage.
The home is located in a 14-story elevator building completed in 1946. Building amenities include ramp access, laundry facilities, bike storage, on-site maintenance, security, and resident parking through a waitlist. The property is part of the landmarked Clinton Hill Co-ops campus and sits near Pratt Institute, Fort Greene Park, the Brooklyn Navy Yard, neighborhood shops, restaurants, grocery stores, and A, C, and G train service.
The home is located in a 14-story elevator building completed in 1946. Building amenities include ramp access, laundry facilities, bike storage, on-site maintenance, security, and resident parking through a waitlist. The property is part of the landmarked Clinton Hill Co-ops campus and sits near Pratt Institute, Fort Greene Park, the Brooklyn Navy Yard, neighborhood shops, restaurants, grocery stores, and A, C, and G train service.
Key Highlights
- 844‑square‑foot one‑bedroom, one‑bathroom corner residence
- Double exposures in the living room and bedroom
- Recently renovated windowed kitchen with stainless steel appliances and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,766
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,320
$515.3K
Cap Rate 7%
$368,086
$368.1K
Cap Rate 9%
$286,289
$286.3K
Market Conditions
NOI Build-Up for 844 SF
Gross rent
$47.8K $56.64/SF
− Vacancy
−$956 −$1.13/SF
EGI
$46.8K $55.51/SF
− OpEx
−$21.1K −$24.98/SF
NOI
$25.8K $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%
$515,320
Cap Rate 7%
$368,086
Cap Rate 9%
$286,289
Alternative Uses
Best Use
Apartment 5plus
$368.1K
$322.1K – $429.4K
NOI $25,766 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$698.8K
$611.5K – $815.3K
NOI $48,918 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,710
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
Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with abundant daylight, flexible living space, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 355 Clinton Avenue 14E Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 844‑square‑foot one‑bedroom, one‑bathroom corner residence; Double exposures in the living room and bedroom; Recently renovated windowed kitchen with stainless steel appliances and dishwasher
