Commercial Building - Brooklyn, NY
310 Washington is a truly rare asset. A 5 story, 5 family, 21.5 wide townhouse on a 110' deep lot, in the heart of Clinton Hill Historic District on Washington Ave, once known as the Gold Coast . An extraordinary opportunity to own and customize a duplex Brownstone home with a landscaped English garden, plus earn substantial rental income from 3 free-market apartments. Or, enjoy a 4.27% cap rate on 5 free market rentals. Current setup: - 1st floor: spacious one bedroom apartment with enormous landscaped garden, owner occupied - 2nd floor: blank canvas + terrace - 3rd floor: spacious 2 bedroom apartment, free market, month-to-month lease - 4th floor: spacious 2 bedroom apartment, free market, month-to-month lease - 5th floor: spacious 2 bedroom apartment, free market, month-to-month lease With the exception of #2, all apartments are turnkey. Apartment #2 can be configured as a 2 bedroom rental with terrace or can be duplexed with the 1st floor to form a beautiful owner s residence with private landscaped backyard. All apartments have hardwood floors and some original details such as working wood window shutters. The building can be delivered vacant or with tenants in place. 310 Washington Ave is one of a row of six French Second Empire brownstone-fronted rowhouses developed by Joseph Townsend between 1875 and 1877 and just down the block from the iconic Graham Home for Old Ladies Condos. Clinton Hill s diverse architectural styles, from carriage houses, to brownstones, to luxurious mansions, define the neighborhood s unique character and everlasting popularity. Clinton Hill is home to the renowned Pratt Institute, and a stroll through the neighborhood reveals quiet leafy residential blocks sprinkled with local favorite eateries such as Romans, Olea, Emily, Locando, Speedy Romeo, Habana Outpost, Walters, Oaxaca, Madiba and Dough. A charming selection of boutiques, green grocers, convenience stores and local businesses bustle on nearby Dekalb Ave, Fulton Ave and Myrtle Ave. A quarter mile to Ft. Greene Park, one of the most important American Historical Landmarks by Vaux & Olmsted, who also designed Prospect Park. Here you can also enjoy fresh produce Saturdays at the Farmer's Market. Three quarters of a mile to Atlantic Terminal, Barclay s and BAM. A stone s throw to the G train and a few blocks to the C train.