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
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