THE IDEAL CONDOMINIUM PROJECT
98 CLIFTON PLACE, BROOKLYN, NY 11238
Introducing The Yarn Factory, a rare four building project composed of 16 spacious fair-market condominiums. That are non-sponsor owned condo units. Several converging factors make this opportunity an attractive option for those seeking to supplement their portfolio with a boutique investment property with solid fundamentals and high upside.
34 BEDROOMS | 32 BATHROOMS | 25,000SF
View Floor Plan
OFFERED AT: $19,000,000
PROPERTY TOUR
PRIME INVESTMENT OPPORTUNITY
READY TO UPGRADE
Sixteen condominiums; Including 8 units that are loft style duplexes and triplexes range f rom 1,300 to 1 ,700 square feet and have been well maintained since being constructed in 2003. Exteriors are marked by rich brown brick façades, while interiors feature hardwood floors, sash windows, and open-plan layouts. Buildings also have private outdoor 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 undertaking a ground-up condo development. Investors can use the resources and time they would have put into the conversion process to make simple design changes and create luxury condos catering to market preferences and tastes. Don’t miss your chance to acquire this rare, fully converted condo portfolio in one of New York’s most sought-after communities. Contact us today to learn more about this unique investment opportunity.
LOCATION & RETAIL OVERVIEW
CLINTON HILL
The Yarn Factory is located in a highly desirable residential enclave close to Fort Greene Park, Pratt Institute, multiple subway lines, and an exciting variety of dining and nightlife options. Buyer demand for the area and limited condo inventory means these units are projected to command premium pricing of $1 ,300 per square foot or more after renovation.
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Petee's Pie Company
Aita
Sisters
Place des Fêtes
C'mon Everybody
Commune -
Joya Studio
Green in BKLYN -
Kunstraum LLC
Kris Krohn Art
The Bishop
Underwood Park
Pratt Institute
The Space at Irondale
JACK
St. Joseph’s University
Brooklyn Navy Yard
Building 92
Mansion Row -
Clinton-Washington Ave
Classon Ave
Franklin Ave
WORLD CLASS TALENT
EXCLUSIVE MARKETING AND SALES BY
SERHANT. LLC is the first real estate company launched and designed for the marketplace of tomorrow. We grew from the #1 ranked sales team in New York City into a full-service firm that is revolutionizing the traditional real estate model. At SERHANT., we do things differently. Our in-house production and branding teams — SERHANT. Studios and ID Lab — develop disruptive content that engages the market by exploring new creative frontiers and redefining pathways to connect. Our tech-powered innovation platform, SERHANT. ADX, gives our listings unparalleled exposure by reaching more buyers than anyone else. Our agents are driven to succeed, understanding of client needs, and trained to balance established sales strategies and techniques with innovative thinking. We understand that it’s more important than ever to help our clients and partners adapt to behavioral and market changes being driven by generational shifts and technological advances in society, and by combining traditional brokerage services with innovative production and marketing capabilities, we know how to do that better than anyone else.
Jeffrey St Arromand
Licensed Assoc. RE Broker
646.228.6471
jsa@serhant.com
Tricia Lee Riley
Licensed Assoc. RE Broker
917.330.9737
tricia@serhant.com
Alex Svetlakou
Executive Managing Director
646.827.9968
asvetlakou@ripcony.com
Drew McWilliams
Investment Sales Assoc.
718.663.2649
dmcwilliams@ripcony.com
