$4,750,000 $4,995,000
Updated 17 hours ago

246 Washington Ave

Clinton Hill, Brooklyn | De Kalb Ave & Willoughby Ave

30 Rooms9 Beds5 Baths5,835 Square FeetMulti-Family

$4,750,000 $4,995,000
floors / apts5 / 5
Lot Size18'7"x200'
Built Size18'7"x83'
ZoneR6B
Building TypeTownhouse
RE Taxes$23,260
Price Per SF
$814

Building Amenities

  • Voice Intercom
  • Garage
  • Laundry Room

Property Description for 246 Washington Ave

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 the top two 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 History for 246 Washington Ave

Now
11/03/2023
$4,750,000 [-$245,000] [4.9%]
Price Drop by Jerry Minsky
Douglas Elliman
08/11/2023
$4,995,000 [-$205,000] [3.9%]
Price Drop by Jerry Minsky
Douglas Elliman

Building Details for 246 Washington Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts5/5
Learn More About the Building

Transit and Citi Bike

Subway

Clinton-Washington Avs
0.21 miles
Classon Av
0.38 miles

Citi Bike

Willoughby Ave & Hall St
0.09 miles
DeKalb Ave & Vanderbilt Ave
0.17 miles

Clinton Hill | Brooklyn

Quick Profile

Tucked behind the Brooklyn Navy Yard in central Brooklyn is the quiet residential neighborhood of Clinton Hill. Once a strictly working-class neighborhood, Clinton Hill has become known for its elegant brownstones and stately mansions that were built as Manhattanites crossed the East River in the 1920s in search of the supposed health benefits that came from living “on the hill,” which has an elevation of 95 feet. Now you will also find newer luxury apartment and condo buildings interspersed throughout the neighborhood.

The Pratt Institute and St. Joseph College give the area a certain energy that comes from having a college in your town, while it’s leafy streets, some with their original cobblestones, and slower pace attract young families. Millennials and professionals are flocking to Clinton Hill in search of a reasonably priced neighborhood that offers both nightlife and an easy commute to Manhattan. Clinton Hill is a beautiful neighborhood with a suburban feel and firm roots in its past that also offers plenty of urban amenities.

New businesses are showing up in Clinton Hill on a regular basis, adding to the current proliferation of coffee shops, restaurants, and bars. As the population changes, new entertainment and nightlife venues are migrating to the area to meet the demand. Barclays Center is within easy walking distance, offering exciting sporting events and concerts.

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: 91756TH