Brooklyn Heights

75 Clinton Street Packs In Rental Residents: 90% Capacity

July 23, 2012

Brooklyn Heights rental property 75 Clinton—at the corner of Montague Street (above Rite Aid)—is 90% leased, with 66 of the 74 units spoken for. Units hit the market in early May 2012. In January, owner Dallas-based investment firm Invesco flipped the nine-story property from condos to rentals, citing the “booming rental market,” with plans to market the units from $2,800 to $7,000 a month.

According to Brownstoner, studios, one- and two-bedroom units have more than met demand, with monthly prices of $2,362 to $11,000 per month. Streeteasy lists three on the market for $11,000, $4,100 and $2,550 a month. Among building amenities: a 24-hour doorman, common rooftop terrace with harbor and Manhattan views, a fitness center and bike storage room. The Corcoran listing is here.

When the building was originally destined to be a condo, units were priced at $519,820 up to $1,699,000.

(Photo: Chuck Taylor)

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Source: Brooklyn Heights Blog

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