85 Clay Street Brooklyn, NY 11222
A 20-unit multifamily asset with attached garage income opportunities, offering a mix of residences and parking storage.
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 office William Green Real Estate
Listing date May 27, 2026
Source Crexi
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.
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
Local 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 |
