$1,350,000
Updated 11 years ago
Sold

700 Washington Ave

Prospect Heights, Brooklyn | Saint Marks Ave & Prospect Place

2,767 Square FeetMixed Use

$1,350,000
floors / apts3 / 4
Lot Size18'x68'
Built Size18'x51'
ZoneC2-4
Building TypeTownhouse
Price Per SF
$488

This property was sold for $1,350,000 on 07/31/14.

Property Description for 700 Washington Ave

The subject property is located on the west side of Washington Avenue between Prospect Place and St. Marks Avenue in the Prospect Heights neighborhood of Brooklyn. The subject mixed-use building contains one retail unit and four residential apartments. The building measures approximately 18’ x 51’ over three stories and consists of approximately 2,767 square feet. Currently the retail tenant, Bitter & Esters, contains a lease through 2016. The four residential apartments are on month-tomonth leases and remain well below market rate rents. The building presents the opportunity for an owner/user to occupy the entire residential space and/or for an investor to add value through increasing the residential rents. The property is conveniently located just a few blocks from the Eastern Parkway subway station containing direct access to the 2,3 subway lines with transportation through Brooklyn and Manhattan.

Listing History for 700 Washington Ave

Now
07/31/2014
$1,350,000
Sold and Closed by Stephen Palmese
Cushman & Wakefield
2014

Building Details for 700 Washington Ave

OwnershipMixed Use
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Eastern Pkwy-Brooklyn Museum
0.35 miles
Park Pl
0.36 miles
Grand Army Plaza
0.39 miles
7 Av
0.44 miles
Clinton-Washington Avs
0.44 miles

Citi Bike

Washington Ave & Park Pl
0.09 miles
Prospect Pl & Underhill Ave
0.1 miles

Contact Agents

Contact Agents

Stephen Palmese
Cushman & Wakefield
Michael Mazzara
Cushman & Wakefield
Thomas Freeland
Cushman & Wakefield

Prospect Heights | Brooklyn

Quick Profile

Prospect Heights is a small residential neighborhood surrounded by big attractions. It’s rich in culture and offers the perfect blend of old Brooklyn charm and modern-day hipness. 

Residents of this tight-knit community include young professionals, families and long-time residents. It’s a walkers paradise - just steps from Prospect Park and a short walking distance to neighborhoods like Downtown Brooklyn, Fort Green and Clinton. You’re close to culture too. Brooklyn Museum, Brooklyn Library, Brooklyn Botanical Garden, Brooklyn Academy of Music and the Barclays Center are all nearby.

Prospect Heights is bordered by Flatbush Avenue to the west, Washington Avenue to the east, Atlantic Avenue and Dean Street to the north and Eastern Parkway to the south.

Prospect Heights, like many areas of New York City, was first inhabited by indigenous tribes and eventually settled by the Dutch and turned into farmland. 

A significant part of the Revolutionary War was fought in Prospect Heights and the surrounding areas. Known as the Battle of Brooklyn, it was the first military engagement following the Declaration of Independence. Things didn’t go so well for American forces so they retreated and the British occupied Manhattan for several years after the Battle of Brooklyn.

In 1867, the opening of Prospect Park caused major housing growth in Prospect Heights. The middle-class neighborhood was soon populated by Jewish, Italian, and Irish workers. Many of which were shop-owners or employed as laborers in nearby factories.

Housing in Prospect Heights includes single-family row houses, historic townhouses, co-ops, and new luxury condos. The median listed price for a 1-bedroom in Prospect Heights is $680,000 with an average price per square foot is $944.

The neighborhood's commercial artery runs along Vanderbilt Avenue and Washington Avenue. The variety of businesses adds to the charm of the neighborhood. They include bars, pubs, restaurants and mom-and-pop stores of all types. The shops and eateries are a perfect alternative to the big-name attractions that bracket the neighborhood. It's a little bit of everything in this neighborhood. 

Subways are plentiful in Prospect Heights. Its proximity to Manhattan is another perk of the neighborhood. It's about a half-hour train ride. The B, D, N, Q, R, 2, 3, 4 and 5 subway lines all serve the Atlantic Avenue/Barclays Center station. 2, 3, 4, B and Q trains cover the neighborhood and the A and C trains are nearby too. 

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.
OLR ID: 52033TH