Residential Income
For Sale
$840,000
Pending
361 Clinton Avenue 6H, Brooklyn, NY 11238
Renovated residence with a windowed kitchen, center island, separate dining area, and four closets.
Property Size775 SF
Days on Market55
Property Features for 361 Clinton Avenue 6H
General Information
Standard status
Pending
Size
775 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
dishwasher
center island
light-washed oak floors
four closets
laundry facilities
on-site maintenance staff
24-hour security
bike storage
package room
common landscaped courtyard
wired for Fios
Building Details
Building Size
775 SF
Year Built
1945
Listing Agency:
Corcoran Group
Listed By:
Thomas L Stuart
(646) 228-7229
Source:
Irynaferenets
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 27 at 4:11AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
At 361 Clinton Avenue, this renovated residence offers 775 square feet in a one-bedroom layout that can be converted to two bedrooms. The open plan includes a windowed kitchen with a dishwasher and center island, a separate dining area, and a living room with three oversized windows. The bedroom accommodates a sitting area or home office, and the home has four closets and oak flooring throughout.
The property is in the Clinton Hill Historic District. The G train is at the corner, the C train is two blocks away, and buses also stop nearby. Fort Greene Park, the Brooklyn Navy Yard, and Atlantic Terminal are among the area destinations identified nearby.
Building amenities include elevators, renovated laundry facilities, on-site maintenance, 24-hour security, bike storage, a package room, and a landscaped common courtyard. Pets and pied-à-terre use are allowed; subletting is limited after two years of ownership.
The property is in the Clinton Hill Historic District. The G train is at the corner, the C train is two blocks away, and buses also stop nearby. Fort Greene Park, the Brooklyn Navy Yard, and Atlantic Terminal are among the area destinations identified nearby.
Building amenities include elevators, renovated laundry facilities, on-site maintenance, 24-hour security, bike storage, a package room, and a landscaped common courtyard. Pets and pied-à-terre use are allowed; subletting is limited after two years of ownership.
Key Highlights
- 775‑square‑foot residence in a one‑bedroom layout convertible to two bedrooms
- Windowed kitchen with dishwasher and center island
- Separate dining area and living room with three oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,660
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,200
$473.2K
Cap Rate 7%
$338,000
$338.0K
Cap Rate 9%
$262,889
$262.9K
Market Conditions
NOI Build-Up for 775 SF
Gross rent
$43.9K $56.64/SF
− Vacancy
−$878 −$1.13/SF
EGI
$43.0K $55.51/SF
− OpEx
−$19.4K −$24.98/SF
NOI
$23.7K $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%
$473,200
Cap Rate 7%
$338,000
Cap Rate 9%
$262,889
Alternative Uses
Best Use
Apartment 5plus
$338.0K
$295.8K – $394.3K
NOI $23,660 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$641.7K
$561.5K – $748.7K
NOI $44,919 @ 7.0% cap · market cap 5.35%
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 - Renovated residence with a windowed kitchen, center island, separate dining area, and four closets.
Where is this residential income property located?
The property is located at 361 Clinton Avenue 6H Brooklyn, NY.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 775‑square‑foot residence in a one‑bedroom layout convertible to two bedrooms; Windowed kitchen with dishwasher and center island; Separate dining area and living room with three oversized windows
