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Brooklyn, NY, 11222 • Greenpoint • Kings County
$287/sqft
35Beds
40Baths
15,500Sqft
1928Built
Character Home
Built 1928 · 98 years of history
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$287/sqft
Price per square foot
Multi Family · Built 1928 · Historic
85-87 Clay Street is an investment opportunity tucked away in the Northwestern corridor of Brooklyn (North Greenpoint) that meets Queens (LIC Prime)This villa-like assemblage of 20 apartments across three buildings is a RARE opportunity to own something special. ***FLOORPLANS COMING SOON*** There are only 2 rent-stabilized units throughout the premises. Once known as the speakeasy capital of Brooklyn, historians cite that there were once about eight hundred speakeasies that existed in the neighborhood ("Greenpoint") behind closed doors during Prohibition. As seen on the floorplans & survey, you will find a 4-story eight-unit building on the left side of the assemblage with sophisticated layouts to maximize profit. To the right of that, 87 Clay Street welcomes you into the fold through a "speakeasy-like" entrance way, adjacent to its three-car garage fixture. You're greeted by a lush green courtyard where you find access to the remaining 12 free market apartments (split between the middle building and 2-story loft building in the rear) to escape the bustling city life. Please note the building does have air rights but it is suggested that you discuss any development type ambitions with a third-party expert (i.e. contractor, architect, etc.)
Standout features identified
Our analysis highlights three-car garage fixture, lush green courtyard, and northwestern corridor of brooklyn as key attractions of this home.
Based on current rates
Est. 6.87% rate · 30yr fixed · $3,557,440 loan
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3 schools rated nearby
Brooklyn, NY, 11222
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Brooklyn, NY • Kings County
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