Three-Bedroom Residential Income
For Sale
$1,625,000
98 Clifton Place 3A, Brooklyn, NY 11238
Condominium residence with three private outdoor areas, high ceilings, hardwood flooring, and an ensuite primary bedroom.
Property Size1,685 SF
Price / SF$964.39
Days on Market56
Property Features for 98 Clifton Place 3A
General Information
Standard status
Active
Size
1,685 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$21,360
Building Details
Building Size
1,685 SF
Year Built
2003
Listing Agency:
Corcoran Group
Listed By:
Sephrah Claudia Towbin · License #10401286451
(718) 637-3916
Source:
Nilelundgren
Added: Sep 9
Changed: Nov 2
Last Checked: Nov 1 at 3:54PM
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 Corcoran Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,685-square-foot condominium residence includes three bedrooms and two bathrooms within an open living and dining layout. The main gathering area features 11'6" ceilings, oversized windows, and real hardwood floors. The kitchen provides premium finishes, substantial cabinetry, and high-end appliances. The primary bedroom has a private terrace, ensuite bathroom, and generous closet space, while the additional bedrooms can accommodate office, studio, or guest use.
Three distinct private outdoor spaces extend the residence beyond its interior rooms. Built in 2003, the property is located at 98 Clifton Place in Brooklyn's Clinton Hill neighborhood, near the area's established residential setting, restaurants, historic character, and greenery.
Three distinct private outdoor spaces extend the residence beyond its interior rooms. Built in 2003, the property is located at 98 Clifton Place in Brooklyn's Clinton Hill neighborhood, near the area's established residential setting, restaurants, historic character, and greenery.
Key Highlights
- 1,685‑square‑foot condominium with 3 bedrooms and 2 bathrooms
- Three distinct private outdoor spaces, including a terrace off the primary bedroom
- Open living and dining area with 11'6" ceilings and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,441
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,820
$1.0M
Cap Rate 7%
$734,871
$734.9K
Cap Rate 9%
$571,567
$571.6K
Market Conditions
NOI Build-Up for 1,685 SF
Gross rent
$95.4K $56.64/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$93.5K $55.51/SF
− OpEx
−$42.1K −$24.98/SF
NOI
$51.4K $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%
$1,028,820
Cap Rate 7%
$734,871
Cap Rate 9%
$571,567
Alternative Uses
Best Use
Apartment 5plus
$734.9K
$643.0K – $857.4K
NOI $51,441 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,663 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,921
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with three private outdoor areas, high ceilings, hardwood flooring, and an ensuite primary bedroom.
Where is this residential income property located?
The property is located at 98 Clifton Place 3A Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 1,685‑square‑foot condominium with 3 bedrooms and 2 bathrooms; Three distinct private outdoor spaces, including a terrace off the primary bedroom; Open living and dining area with 11'6" ceilings and oversized windows
