It doesn't get any more BROOKLYN than this! Thousands of square feet of space / Soaring ceilings with original tin / Reclaimed wood / Expansive rooftop / Creative space / 2 curb cuts / 3 entrances / 50 ft of frontage on Clinton Place / Sacred Yoga Studio / 2 residential units
$4,999,000
HUGE 2 story mixed use building on the Clinton Hill/Bed Stuy border. With 50ft of street frontage, two curb cuts, three entrances, two ENORMOUS classic residential lofts and a commercial unit- this building is beyond unique!
197 Clifton Place is 8,730 square feet as built. Located on Clifton Place between Bedford and Franklin, this huge mixed use building has fantastic high ceilings, original details, and FAR to grow. Two oversized residential LOFTS span the second floor with a commercial space on the street level. The first floor houses Sacred Yoga Studio, which has a thriving business and currently pays $5,850/month. In November 2015, Sacred will start paying $6,500/month, with a 5% increase each year expiring in 2020. The two enormous 2000+ sq ft loft apartments featured on the second floor are leased to tenants until mid 2015, with a rent roll of over $75,000/year.
With very low operating expenses (~$14k/yr taxes) and residential leases expiring in 2015, this building suits end users, taxpayers, or investors alike. The building has a CofO (S2- mixed use two fam with store) in place, the roof is approximately ten years old, and mechanicals from 2006. All tenants pay their own heat and hot water.
The area is zoned R6B and has seen significant development and change over the past decade. Great access to the Bedford/Nostrand G, A, C and S trains and only one block from Dough and a few blocks from Pratt, this building is ideally located.
