Meridian Capital Group
Meridian Investment Sales

8-10 Clark Street

8-10 Clark Street

One block from the Brooklyn Heights Promenade and minutes from Brooklyn Bridge Park, as well as the 2, 3, A and C subway trains
Brooklyn Heights

Six-Story Plus Cellar, Elevator, 42-Unit Multifamily Building in Prime Brooklyn Heights

Type Multifamily
Neighborhood Brooklyn Heights
Properties One
Lot Size 4,612 Square Feet
Zoning Code R6 / LH-1
Size 22,467 Square Feet
Stories Six Stories Plus Cellar
Units 42 Units
Air Rights N/A

Investment Highlights:

Meridian Investment Sales is pleased to present exclusively for sale 8-10 Clark Street, a six-story plus cellar, elevator 42-unit building. The 60’ wide building, which previously served as student housing for ASA College, was recently repositioned as a multifamily property. The building contains 40 free market units, two rent controlled units, antenna income and laundry income. The lease-up of the Free Market apartments commenced in Q3 2020 and there is a near term opportunity to increase rents upon expiration. The building features efficient unit sizes (all but one apartment are studios) and given the prime Brooklyn Heights location, properties of this scale and caliber rarely come to market.