246 Washington Avenue

Clinton Hill   |   De Kalb Avenue & Willoughby Avenue

Building For Sale
$ 4,750,000
Ownership Multi-Family
Lot Size 18'7"x200'
Floors/Apts 5/5
Status Active
Real Estate Taxes [Per Annum] $ 23,260
Building Type Townhouse
Building Size 18'7"x83'
ASF/ASM 5,835/542
Listing ID: 91756TH

Jason Bauer

License

Manager, Licensed Associate Real Estate Broker

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Property Description

Introducing 246 Washington Avenue, a late-nineteenth century fully free market 5 unit neo-grec multifamily brownstone in historic Clinton Hill, located on a serene tree lined block, between Dekalb & Willoughby Avenue. This extraordinary property is situated on an oversized 18.75 x 200 ft lot, has a garage, and consists of 5 apartments across 5 floors, each with unique floor-through layouts, two of which have private outdoor spaces. 246 Washington offers steady cashflow with a value-add opportunity, is superbly maintained, with untapped potential in upside rents through minor improvements, and has a protected tax-class. Current rent roll is below market. This is perfect for an end-user or investor with 1031 needs. The property is currently occupied, but can be delivered with three units vacant. Building dimensions: 18.75 ft x 75.83 ft, lot size: 18.75 ft x 200 ft, R6B zoning, and 2,737 sq ft of unused FAR. Only a short jaunt from Pratt Institute, as well as transportation such as the G train at Clinton- Washington Avs or the C train at Lafayette Av. Local favorites include Fort Greene Park, Whole Foods, Olea, Evelina, Soco, Osteria Brooklyn, Peaches Grand, and everything else that fabulous Clinton Hill & Fort Greene offers.
Introducing 246 Washington Avenue, a late-nineteenth century fully free market 5 unit neo-grec multifamily brownstone in historic Clinton Hill, located on a serene tree lined block, between Dekalb & Willoughby Avenue. This extraordinary property is situated on an oversized 18.75 x 200 ft lot, has a garage, and consists of 5 apartments across 5 floors, each with unique floor-through layouts, two of which have private outdoor spaces. 246 Washington offers steady cashflow with a value-add opportunity, is superbly maintained, with untapped potential in upside rents through minor improvements, and has a protected tax-class. Current rent roll is below market. This is perfect for an end-user or investor with 1031 needs. The property is currently occupied, but can be delivered with three units vacant. Building dimensions: 18.75 ft x 75.83 ft, lot size: 18.75 ft x 200 ft, R6B zoning, and 2,737 sq ft of unused FAR. Only a short jaunt from Pratt Institute, as well as transportation such as the G train at Clinton- Washington Avs or the C train at Lafayette Av. Local favorites include Fort Greene Park, Whole Foods, Olea, Evelina, Soco, Osteria Brooklyn, Peaches Grand, and everything else that fabulous Clinton Hill & Fort Greene offers.

Listing Courtesy of Douglas Elliman Real Estate

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Apartment Features

A/C
246 Washington Avenue Clinton Hill Brooklyn NY 11205

Building Details [246 Washington Avenue]

Ownership Multi-Family
Service Level Voice Intercom
Access Walk-up
Block/Lot 1917/19
Building Size 18'7"x83'
Zoning R6B
Building Type Townhouse
Floors/Apts 5/5
Lot Size 18'7"x200'

Building Amenities

Garage
Laundry Rooms

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.