Vacant SRO Apartment
For Sale
$2,900,000
Pending
536 Clinton Avenue, Brooklyn, NY 11238
Commercial Sale, Brooklyn, NY
Property Size5,500 SF
Days on Market1094
Property Features for 536 Clinton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
10
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 6, Bathroom 2, Bathroom 7, Bedroom 3, Bedroom 5, Bedroom 10, Bedroom 7, Bathroom 5, Bathroom 3, Bathroom 9, Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 8, Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 10, Bedroom 9, Bedroom 4
Subdivision
Clinton Hill
High school district
000000
Standard status
Pending
Size
5,500 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Jack Leguelaff
Added: Nov 1, 2023
Changed: Oct 28
Last Checked: Oct 29 at 8:06AM
MLS# 11412301
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.
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Investment Insights
Based on property information with market context.
This SRO apartment building contains 5,500 square feet and is configured with 10 bedrooms and 10 bathrooms. The property is being offered in as-is condition and will be delivered vacant at closing.
Located at 536 Clinton Avenue in Brooklyn, the building is identified by the address 536 Clinton Avenue, Brooklyn, NY 11238. No Certificate of Non-Harassment will be issued at closing. Buyers should conduct their own due diligence with legal counsel.
Located at 536 Clinton Avenue in Brooklyn, the building is identified by the address 536 Clinton Avenue, Brooklyn, NY 11238. No Certificate of Non-Harassment will be issued at closing. Buyers should conduct their own due diligence with legal counsel.
Key Highlights
- SRO apartment building with 5,500 square feet
- Configuration includes 10 bedrooms and 10 bathrooms
- Property will be delivered vacant
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.
How Realmo checks its estimates
Property Analytics
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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 - Vacant SRO building offered in as-is condition.
Where is this apartment building located?
The property is located at 536 Clinton Avenue 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: SRO apartment building with 5,500 square feet; Configuration includes 10 bedrooms and 10 bathrooms; Property will be delivered vacant
