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32021471
32021469

434 Clermont Avenue, Brooklyn, NY 11238

AB
NY NY10401314581
Marcus & Millichap - Manhattan
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$3,700,000
39 days on market
Updated 39 days ago

434 Clermont Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,839
Units 4
Cap Rate 5.11%
NOI $188,949
Tenancy Vacant
Pro-Forma Cap Rate 5.72%
Pro-Forma NOI $211,795
Price per SqFt $964
Class B
Year Built 1931
Buildings 1
Lot Size (SqFt) 2,133
Zoning R6B
Investment Type Value Add

Multifamily | 5.11% CAP | 4 Units

Marketing description

434 Clermont Avenue is a beautifully maintained four-family townhouse located in the heart of Fort Greene, one of Brooklyn’s most desirable brownstone neighborhoods. The property will be delivered 100% vacant. Each floor-through apartment has been well cared for, but still features significant upside with minimal improvements.

The property sits semi-detached on a 21.33’ x 100’ lot and measures approximately 42’ deep.

It offers four above-grade, floor-through apartments plus a full-height cellar with finished space. Unit 1 is a two-bedroom garden apartment with access to a private backyard, while Units 2 through 4 are spacious one-bedroom residences with excellent natural light and well-maintained finishes throughout.

The building’s classic architecture, updated interiors, and prime location just steps from all of Fort Greene make it a highly attractive long-term hold. With excellent transit access, neighborhood amenities, and a proven rental history, 434 Clermont represents a turnkey opportunity in an already beautiful area that has heavy long-term appreciation.

Investment highlights

  • Delivered 100% vacant
  • Four above-grade, floor-through apartments plus a full-height cellar with finished space
  • Unit 1 is a two-bedroom garden apartment with access to a private backyard
  • Units 2 through 4 are spacious one-bedroom residences with excellent natural light and well-maintained finishes throughout
  • Classic architecture, updated interiors, and prime location just steps from all of Fort Greene
  • Excellent transit access, neighborhood amenities, and a proven rental history
  • Significant upside with minimal improvements
  • Located in the heart of Fort Greene, one of Brooklyn's most desirable brownstone neighborhoods
  • Turnkey opportunity in an already beautiful area that has heavy long-term appreciation

Listing Contacts

AB
NY NY10401314581
Marcus & Millichap - Manhattan
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$188,949.00
$15,745.75/mo

Valuation Metrics

0
DSCR
5.11%
Cap Rate
5.11%
ROI

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Additional Information

Name
John Krueger
License
1030125789
Title
Broker of Record
Name
Andrew Bronsteen
License
NY10401314581
Brokerage
Marcus & Millichap
Title
Licensed Salesperson
Brokerage Address
260 Madison Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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