561 Clinton St 7 Unit Apartment Building $6,847,400 CAD ($978,200 CAD/Unit) 5.59% Cap Rate Brooklyn, NY 11231

561 Clinton Street offers a rare investment opportunity in the heart of Carroll Gardens, one of Brooklyn’s most desirable neighborhoods. This four-story mixed-use building combines historic charm with strong income potential, featuring five free-market residential apartments and four commercial units. With a total built size of approximately 5,000 square feet on a 20-by-90-foot lot, the property is strategically positioned on the northeast corner of Huntington Street and Hamilton Avenue, steps from the Smith Street corridor and F/G subway lines.
The asset is delivered free and clear, with no open HPD violations, and boasts a projected annual rent roll of nearly $370,000. Residential units include a balanced mix of studio, one-bedroom, and two-bedroom layouts, while commercial spaces offer prime street-level visibility ideal for retail or office use. Current tenancy includes a long-term nail salon, with additional spaces ready for lease-up, providing immediate upside for investors.
Financial metrics underscore the property’s strength: a 5.6% cap rate, 13.5x GRM, and an estimated net operating income of $279,601. Offered at $5,000,000 all cash, this asset represents a compelling blend of stability and growth in a neighborhood known for its vibrant dining, boutique retail, and proximity to Downtown Brooklyn and Manhattan. Whether you’re seeking a steady income stream or long-term appreciation, 561 Clinton Street delivers on every front.