Active

98-106 Clifton Place

Brooklyn NY, 11238

$19,000,000


$760.00 per sqft

Active

34 Beds

25 Baths

25,000 sqft

Town House

Introducing The Yarn Factory, a rare four building project composed of 16spacious fair-market condominiums.That are non-sponsor owned condounits.


Several converging factors make
this opportunity an attractive option for those seeking tosupplement their portfolio witha boutique investment propertywith solid fundamentals andhigh upside.


READY TO UPGRADE:

Sixteen condominiums; Including 8 units that are loft style duplexesand triplexes range f rom 1,300 to1 ,700 square feet and have been wellmaintained since being constructedin 2003. Exteriors are marked byrich brown brick fa ades, whileinteriors feature hardwood floors,sash windows, and open-planlayouts. Buildings also have privateoutdoor space and shared laundry

facilities. Further modernizations will incur minimal renovation costs beyond light cosmetic enhancements.


COMPLETED CONDO
CONVERSION:

The Yarn Factory offers significant savings compared to undertakinga ground-up condo development.Investors can use the resources andtime they would have put into theconversion process to make simpledesign changes and create luxurycondos catering to market preferences and tastes.Don't miss your chance to acquirethis rare, fully converted condoportfolio in one of New York's mostsought-after communities.

Contact
us today to learn more about this unique investment opportunity.

RPLU-1032522997181

MLS ID

May 7, 2024

Listed

October 10, 2024

Updated

Map

98-106 Clifton Place
Brooklyn NY, 11238

Interior Features

Total Stories

1


Bedrooms

34


Total Bathrooms

25


Full Bathrooms

24


Half Bathrooms

8


Laundry Description

Building Other


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

No

Exterior/Building Features

Lot Size

0.21 Acres

Other Property Details

Taxes

$174,732


Tax Frequency

Annually


Garage

No


View

No


View Description

Other


County

Kings


Pool

No

Listed by Tricialee Riley with Serhant LLC
Listing Contact: (917) 330-9737 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024  The Real Estate Board of New York, Inc., All rights reserved

Data last updated on 10/10/2024 at 8:29 PM UTC

 

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