Brooklyn | August 2022

By Linecity, October 17, 2022

According to New York City records, the median price for an apartment in Brooklyn in the month of August was $775,000. The price represents a marginal drop of 1.1% from last year’s median price of $784,017. The number of sales basically stayed the same, inching upwards from 642 to 648. 

What exactly does $775,000 get you in Brooklyn? Today, we’re going to look at a Clinton Hill charmer. 

Apartment 3-I at 277 Washington Avenue is a spacious turn-of-the-century prewar one-bedroom that exudes warmth and comfort.  The combination of classic details and artful renovations to the kitchen and bath create a special home. 

A gracious foyer welcomes you home, providing a touch of formality to the residence.  High ceilings, rich parquet floors and accentuated door casings and moldings deliver a prewar sensibility.  

We love the kitchen. It’s fresh.  It’s bright.  It’s elegant.  White lacquered cabinets,  white subway tiles and a marble countertop provide a sense of calm.  A suite of stainless steel appliances and a farmer’s table for casual dining (at least in its current configuration), complete the setting. 

The windowed bathroom features marble tiled walls, a deep claw-foot tub and a mounted console sink.

Aside from the physical attributes, Apartment 3-I, enjoys a very modest monthly maintenance of $874. 

Built in 1905, 277 Washington Avenue, aka Francine Towers, is a handsome six-story co-op with a prominent street presence.  An arched limestone entrance adds a touch of grandeur to the red brick facade.  Casement windows on the front elevation further enhance the street appeal.

The 63-unit co-op features a part-time doorman.  Amenities include a common laundry room, bike storage and private storage. 

Washington Avenue is an historic Clinton Hill block with a mix of prewar low-rise apartment buildings and townhouses. The building, located between DeKalb Avenue and Willoughby Avenue, is situated just to the east of the Pratt Institute campus.

Apartment 3-I at 277 Washington Avenue first hit the market in April 2022 at $729,000. Within three weeks It went to contract and in early August it closed for $775,000, more than 6% above the ask.  The price represents an approximate value of $1,076 per square foot (based on an approximation of 720 square feet).The Compass team of Edward Freiberg, Jon Cella and Zachery Szwed represented the listing.  Please visit Linecity for more details.