Residential Income Property with Exposed
For Sale
$650,000
537 CLINTON Street 2B, Brooklyn, NY 11231
Character-rich apartment with a renovated kitchen, assigned storage, and access to neighborhood amenities and public transportation.
Property Size600 SF
Price / SF$1,083
Days on Market24
Property Features for 537 CLINTON Street 2B
General Information
Standard status
Active
Size
600 SF
Property subtype
Apartment
Building Details
Building Size
600 SF
Year Built
1910
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Haviland Morris
(212) 521-5726
Source:
Howardhannanyc
Added: Sep 16
Changed: Oct 8
Last Checked: Oct 7 at 4:15PM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
This 600-square-foot residential income property occupies an apartment within a 3-building, 24-unit cooperative completed in 1910. Interior details include high ceilings, exposed brick, original wide-plank flooring, abundant closet space, and an expansive updated kitchen equipped with a dishwasher and washer/dryer. An assigned storage space is included on the premises.
The property is on Clinton Street in Carroll Gardens, with cafes and boutiques nearby. The F/G train and B57 bus line are accessible from the property. Subletting is permitted after two years of ownership with Board approval, and pets are welcome.
The property is on Clinton Street in Carroll Gardens, with cafes and boutiques nearby. The F/G train and B57 bus line are accessible from the property. Subletting is permitted after two years of ownership with Board approval, and pets are welcome.
Key Highlights
- 600 SF apartment in a 24‑unit cooperative
- High ceilings, exposed brick, and original wide‑plank floors
- Updated kitchen with dishwasher and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,317
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,340
$366.3K
Cap Rate 7%
$261,671
$261.7K
Cap Rate 9%
$203,522
$203.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$34.0K $56.64/SF
− Vacancy
−$680 −$1.13/SF
EGI
$33.3K $55.51/SF
− OpEx
−$15.0K −$24.98/SF
NOI
$18.3K $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%
$366,340
Cap Rate 7%
$261,671
Cap Rate 9%
$203,522
Alternative Uses
Best Use
Apartment 5plus
$261.7K
$229.0K – $305.3K
NOI $18,317 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Character-rich apartment with a renovated kitchen, assigned storage, and access to neighborhood amenities and public transportation.
Where is this residential income property located?
The property is located at 537 CLINTON Street 2B Brooklyn, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 600 SF apartment in a 24‑unit cooperative; High ceilings, exposed brick, and original wide‑plank floors; Updated kitchen with dishwasher and washer/dryer
