***BUILDING IS LOCATED IN A QUALIFIED OPPORTUNITY ZONE***
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 (90% FREE MARKET) across three buildings is a RARE opportunity to own something special.
BUILDING DELIVERED AS IS
DID WE MENTION THE GARAGES?!? 11 OF 20 UNITS HAVE PVT OUTDOOR SPACES!!!
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.). This site is an opportunity zone.
ALL SHOWINGS REQUIRE PROOF OF FUNDS w/LOI!
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.