Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building located at 43 Lexington Avenue in the Clinton Hill neighborhood of Brooklyn.

Located between Classon Avenue and Grand Avenue, the 3,200 SF building consists of 4 apartments; 2 one-bedrooms, 2 two-bedrooms and a full basement currently being used as an art studio. Three units will be delivered vacant including the garden floor plus basement, 1st floor & 3rd floor through apartments. The 2nd floor apartment has a lease expiring in 2015. All the vacancies present the opportunity to convert it to a 1 or 2 family townhouse. The ~800 SF basement may be used for storage or future duplex conversion. The building has been well maintained with some kitchen and bathroom upgrades throughout the property.

The once industrial block has seen a tremendous transformation through the years. Currently there are four new construction/conversion projects on the block. To the left of the building there are four newly constructed townhouses with high end rental units, and to the right is a garage that was converted to a one family luxury home. The  transformation started in 2000 with the conversion of the 42,000 SF building at 17 Lexington Avenue. The building is now a rental and features large residential loft spaces throughout the building perfect for live/work tenancies.

Clinton Hill is served by the A and C trains, with a stop at the Clinton–Washington Avenues station just a few blocks away, as well as the G train with stops at the Classon Avenue station and a separate Clinton–Washington Avenues station