387 CLINTON STREET

Multi-Family Townhouse For Sale •  Carroll Gardens
Web ID # 847322 RLS

$11,000,000

9 Families • 27 Beds • 16.5 Baths • 1,293m2. (13,920 ft2)  
Stories: 4
Total Rooms: 55

Building & Unit Features

  • City View
  • Dining Room
  • Eat In Kitchen
  • Washer
  • Laundry In Unit
  • In the center of Brownstone Brooklyn in northern Carroll Gardens, 387 Clinton Street offers a sound investment opportunity, both financially and architecturally. The mammoth mixed-use structure is comprised of eight residential units, each with three or more bedrooms and two bathrooms. In addition to the residential units, there is also a legal medical office space (use group 4).

    The building is constructed using steel and masonry. Revitalized in the 1990s, 387 Clinton Street contains many modernized features, including electrical and plumbing, handicap access and central air for the medical space, and residential amenities (dishwashers and in-unit laundry). Prospective buyers can reap significant rewards by providing the units with contemporary finishes and marketing to the ever-growing luxury market in Carroll Gardens. Multi-bedroom units are a particularly sought-after commodity in the area due to their infrequent occurrence in traditional townhouses.

    On Clinton Street, between Union and Sackett Streets, a row of architecturally important homes lines the block. Unlike traditional townhouses, these distinct, steel-and-masonry-construction buildings are immense, offering sprawling apartments in multi-unit configurations. 387 Clinton Street is one of these attractive properties.)

    Situated in the northern section of Carroll Gardens, the property is one block from Historic Cobble Hill and two blocks from the Columbia Street Waterfront District. From those areas, Brooklyn Bridge Park, the Brooklyn Promenade, both the Brooklyn and Manhattan Bridges, and the ever-trendy Brooklyn Heights and DUMBO are all within reach. As a neighborhood of its own, Carroll Gardens has a distinct feeling of community and a rich local culture, with many high-end boutique retailers and artisans, gourmet dining establishments, and numerous education options for people of all ages.

    As is, the property is a strong investment. Envisioning how a maximization-oriented owner could enhance the investment is easy. Carroll Gardens is an ideal place for high-end rentals and luxury condominium units, and the building needs only minimal finish work to fully capture that market. The community space in the basement and spectacular roof vistas provide opportunities to expand income and enrich the buildings amenities.

    Courtesy Of Brownstone Real Estate LLC.

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    Estimated Monthly Costs


    $43,937
    Est. Mortgage
    $43,937
    Monthly Total*
    * The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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    Nearby Subways

    • F G Smith St & President St (~0.22 mile)


    This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2019 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Realtybank. IDX information is provided exclusively for consumers' personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.