510 Washington Ave

Best value for end-user or incredible investment with 4.46% cap rate in prime Clinton Hill. Wow...$719/square-foot for a move-in ready 2-family! Note: The $/square-foot does not include the 800sf basement and nearly 900sf of outdoor space. This beautiful, 2-family townhouse (delivered vacant) in prime Clinton Hill, affords an exceptional place to live while providing a rental income in one of Brooklyn's most vibrant neighborhoods! This classic 1899, 17-foot-wide residence on a deep 100' lot and a full basement, is currently configured as a triplex over a garden simplex but could be delivered as two duplexes or-or single family. The handsome, very well-maintained building retains much of its original architecture and is brimming with prewar charm. Elegant details such as inlaid parquet floors, crown moldings, Victorian window and door casings, decorative fireplaces faced with ivory marble mantels, and a grand pier mirror on the parlor floor mingle with a host of modern upgrades throughout the gracious 3,264 square feet of living space. A front gated courtyard, inviting stoop, pristine sandstone facade and arched entry doors optimize curb appeal and introduce the home's specialness. Tall windows on the east and the west exposures create bright interiors all day. Each spacious duplex offers 2-3 bedrooms and 2 baths. The garden level has a separate front entrance and accesses the private, generous-size backyard via a convenient mudroom. The 717 sq ft basement offers bonus space plus ample storage. Mechanicals are updated, and units are separately metered for gas and electric! 510 Washington Avenue is located on a coveted tree-lined street in sought-after Clinton Hill, between Fulton Street and Gates Avenue, minutes from The Barclay Center, Fulton strip, Atlantic Avenue, and LIRR train station. The C train at the Clinton/Washington subway stop is just half a block away. Boutique shops, cafes, restaurants, food markets, and other wonderful amenities that make the neighborhood so sought after are also right nearby.