98-106 Clifton Place
Brooklyn, NY 11238

Cross street:Grand Avenue

Building

Type:Low-rise
Era:Pre-war
Floors:4

Property

Ownership: Income Property
Rooms: 82
Bedrooms: Studio

Financials

Price: $19,000,000
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Serhant LLC

Description

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.

Amenities

  • Basement
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Introducing The Yarn Factory, a rare four building project composed of 16spacious fair market condominiums.


OLR IDX

RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.