176 Clinton Avenue is a fully free-market, protected tax-class, 5-unit multifamily brownstone in prime Clinton Hill. Located just south of the Myrtle Avenue and Clinton Ave intersection this asset is within walking distance to Pratt Institute and all of the neighborhood's top restaurants and retail locations. There are zero open permits, 0 violations, and no issues from a paperwork perspective. The asset consists of 5 apartments spread across 4 floors. The building's profile measures 20' wide and 76' deep and offers steady cashflow with Value-Add opportunity. There is unused space on the Garden level that can be used to convert the rear 1BR unit into a full floor apartment. Although the building is immaculately maintained there is still untapped upside in rents that can be achieved through minor surface improvements. The rents are currently below market as-is. This is a prime offering for an end-user or investor in an appreciation-heavy submarket. The property is currently entirely occupied but can be delivered with the garden and parlor floors vacant.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
