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

July 13, 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 

The IDX display contains information sourced from the Real Estate Board of New York as of 7/13/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Real Estate Board of New York all rights reserved.

Data last updated on 7/13/2024 at 2:18 PM UTC

 

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