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Historic Six-Unit Apartment Building
New
For Sale
$3,950,000

5 Cambridge Pl, Brooklyn, NY 11238

Business Opportunity, Brooklyn, NY

Property Size3,600 SF
Lot Size0.05 Acres
Price / SF$1,097
Days on Market7

Property Features for 5 Cambridge Pl

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 5
Subdivision Clinton Hill
High school district 13
Standard status Active
APN BL965/LOT32
Size 3,600 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 12601

Building Details

Year built 1873
Floors in Building 4
Roof type Flat
Listing Agency: FLATEAU REALTY CORP
Listed By: Jeffrey Grannum
Added: Sep 4 Changed: Sep 9 Last Checked: Sep 10 at 12:06PM
MLS# 11966838

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.

Investment Insights

Based on property information with market context.

This vacant apartment building at 5 Cambridge Pl comprises 3,600 square feet of living space on a 2,000-square-foot lot, with six dwelling units and six bathrooms. Constructed in 1873, the four-story brownstone retains high ceilings, ornamental medallions, large windows, seven marble fireplaces, and other original details. A full cellar adds approximately 900 gross square feet below grade.

The property is within Brooklyn’s Clinton Hill Historic District and is classified by the NYC Finance Department as a C2 five-to-six family residence. It is located in an R6B zoning district, which allows 4,000 square feet of living space, subject to architectural verification; approximately 400 square feet of development rights are identified. The address is near Fulton Street, Atlantic Avenue, Pratt Institute, and Fort Greene Park, with transit connections serving Manhattan and Brooklyn.

Key Highlights

  • 3,600 square feet of living space on a 2,000‑square‑foot lot
  • Six vacant dwelling units and six bathrooms
  • Approximately 900 gross square feet of full below‑grade cellar space

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

5,988
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant brownstone featuring original architectural details, six bathrooms, and a full below-grade cellar.
Where is this apartment building located?
The property is located at 5 Cambridge Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 3,600 square feet of living space on a 2,000‑square‑foot lot; Six vacant dwelling units and six bathrooms; Approximately 900 gross square feet of full below‑grade cellar space
More about this property
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