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118 St James Place MULTIFAMILYBrooklyn, NY 11238

For Sale

$2,950,000

Smart Buyer Rebate $36,875

118 St. James Place - Six Family | Clinton Hill, Brooklyn I Lot Size 20.83 x 100

First time on the market—a rare gem in the heart of Clinton Hill. Built in 1930, this stately, rent stabilized 6-unit building offers a unique opportunity to own a piece of Brooklyn’s architectural and cultural heritage.

Situated on one of the neighborhood’s most picturesque, tree-lined blocks, 118 St. James Place embodies the charm and elegance that defines Clinton Hill. The building is in excellent condition and features a highly desirable unit mix: two spacious one-bedroom units and four well-laid-out studios, appealing to a range of tenants or future owners.

Whether you’re an investor seeking a stable, income-generating asset or a buyer looking to hold long-term in one of Brooklyn’s most sought-after enclaves, this is a chance not to be missed. With its historic facade, prime location, and strong fundamentals, this property is the epitome of classic Brooklyn living with modern-day potential.

Don’t miss your chance to own a rare offering in one of the borough’s most beloved neighborhoods.

Listed by Meylin Maldonado

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License #10401261582

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Compass

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(646) 765-5109

Last updated August 30, 2025

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Source: REBNY #RLS20027603

Listing Facts

  • TypeMulti-family
  • NeighborhoodClinton Hill
  • Bedrooms6
  • Bathrooms6
  • Days on Prevu99
  • Taxes$15,288/year
  • Size2,490 sqft
  • Price per sqft$1,185

Location

Mortgage Calculator

Listing History

06/25/2025
Price Decreased
$2,950,000
05/30/2025
Listed by Compass
$3,488,000

Estimated Closing Costs

Total
$110,758
Attorney Fees
$4,000
NYC Mansion Tax
$36,875
Title Insurance
$13,275
Bank Attorney
$1,500
Mortgage Recording Tax
$51,108
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $2,950,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 118 St James Place MULTIFAMILY

Association

Amenities

  • Pets Allowed: Building No, No

Compensation

Commissions

  • Buyer Agency Compensation: 2.0Percent

Exterior

Construction

  • Number Of Units Total: 6
  • Property Condition: Good Condition
  • Stories Total: 3
  • Structure Type: Multi Family
  • Year Built: 1930
  • Entry Level: 1

Measurements

  • Building Area Total: 2,490
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 20
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $15,288.00

Interior

Features

  • Flooring: Hardwood
  • Interior Features: Crown Molding, High Ceilings

Measurements

  • Living Area: 2,490
  • Living Area Units: SquareFeet

Rooms

  • Basement: Full
  • Has Basement: Yes
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 6
  • Rooms Total: 14

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Clinton Hill
  • Tax Block: 01963
  • Tax Lot: 0049

Utilities

Equipment

  • Laundry Features: Common Area

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.