Clinton Avenue SRO
For Sale
$2,900,000
Pending
536 Clinton Ave, Brooklyn, NY 11238
SRO building in Brooklyn, delivered vacant and sold as-is.
Property Size5,500 SF
Lot Size0.06 Acres
Days on Market231
Property Features for 536 Clinton Ave
General Information
Standard status
Pending
Size
5,500 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Building Details
Building Size
5,500 SF
Year Built
1930
Units
7
Listing Agency:
Compass
Listed By:
Jack LeGuelaff · License #10401326617
(516) 232-4114
Source:
Elliman
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 26 at 5:06PM
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 SRO building located on Clinton Avenue in Brooklyn is being offered for sale to investors, developers, and end users. The property is being sold in as-is condition. The building will be delivered vacant. Prospective buyers should consult with their attorney for due diligence. Please note that a Certificate of non-harassment will not be issued at closing.
Key Highlights
- Significant price improvement.
- Will be delivered vacant.
- SRO Building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,909
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,358,180
$3.4M
Cap Rate 7%
$2,398,700
$2.4M
Cap Rate 9%
$1,865,656
$1.9M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$311.5K $56.64/SF
− Vacancy
−$6.2K −$1.13/SF
EGI
$305.3K $55.51/SF
− OpEx
−$137.4K −$24.98/SF
NOI
$167.9K $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%
$3,358,180
Cap Rate 7%
$2,398,700
Cap Rate 9%
$1,865,656
Alternative Uses
Best Use
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $167,909 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,780 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,108
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
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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 - SRO building in Brooklyn, delivered vacant and sold as-is.
Where is this apartment building located?
The property is located at 536 Clinton Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Significant price improvement.; Will be delivered vacant.; SRO Building.
