Apartment Building with
85 Clay Street Brooklyn, NY 11222
For Sale
Contact for pricing
A 20-unit multifamily asset with attached garage income opportunities, offering a mix of residences and parking storage.
Property Size15,000 SF
Price / SF$816.67
Days on Market63
Property Features for 85 Clay Street
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Multifamily, Land
Building Details
Year Built
1928
Listing Agency:
William Green Real Estate
Listed By:
Danny Duffoo · License #10301202231
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 27 at 7:38AM
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 William Green Real Estate
Investment Insights
Based on property information with market context.
The property is a multifamily apartment building comprising 20 apartments totaling 15,000 square feet. The building is positioned for a revenue mix with approximately 90% of the units identified as free market, along with an included garage component. There are 5 garages in total, including 3 indoor garages, which may support tenant parking and storage needs.
Located at 85 Clay Street in Brooklyn, NY 11222, the property’s residential setup combines living space with on-site vehicle parking. This configuration can be useful for operators seeking to provide both housing and practical day-to-day access for residents who require garage storage.
For investors and buyers evaluating residential income properties, the unit count and presence of on-site garages provide a straightforward operating profile. The ability to pair apartments with garage offerings may help broaden tenant appeal beyond unit interiors alone. With 20 apartments and three indoor garages included among five total garage spaces, the property supports a complete live-and-park concept within a single ownership.
Located at 85 Clay Street in Brooklyn, NY 11222, the property’s residential setup combines living space with on-site vehicle parking. This configuration can be useful for operators seeking to provide both housing and practical day-to-day access for residents who require garage storage.
For investors and buyers evaluating residential income properties, the unit count and presence of on-site garages provide a straightforward operating profile. The ability to pair apartments with garage offerings may help broaden tenant appeal beyond unit interiors alone. With 20 apartments and three indoor garages included among five total garage spaces, the property supports a complete live-and-park concept within a single ownership.
Key Highlights
- 15,000 SF multifamily property
- 20 apartments total, with 90% free market units and 10% non‑free market
- Includes 5 garages, including 3 indoor garage spaces
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $849.6k | $56.64 |
| − Vacancy | −$17.0k | −$1.13 |
| EGI | $832.6k | $55.51 |
| − OpEx | −$374.7k | −$24.98 |
| NOI | $457.9k | $30.53 |
15,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.54M
$5.72M – $7.63M
NOI $457,934 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.42M
$10.87M – $14.49M
NOI $869,400 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - A 20-unit multifamily asset with attached garage income opportunities, offering a mix of residences and parking storage.
Where is this apartment building located?
The property is located at 85 Clay Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $12,250,000.
What are key features of this property?
This property features: 15,000 SF multifamily property; 20 apartments total, with 90% free market units and 10% non‑free market; Includes 5 garages, including 3 indoor garage spaces
