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This corner brownstone at 228 Washington Avenue in Clinton Hill just hit the market with the eye-catching price of $1,260,000. Compared to the prices we’ve become accustomed to seeing in the past couple of years, this seemed incredibly low at first glance. Then we realized that it’s chopped up into five units and will need a serious reno to convert it to a one- or two-family residence and the price made a lot more sense. We still think this is a pretty interesting deal, more likely as a condo play than a family residence. The two-car garage at the rear only sweetens the pot.
228 Washington Avenue [Massey Knakal] GMAP P*Shark


What's Your Take? Leave a Comment

  1. But can’t a rent stabilized lease be not renewed if you need the space for your family? Yes, it might be hard to believe that one is planning on turing an entire apartment building into a one-family house, but taking over a duplex is another matter. Sounds possible to me.

  2. This is ridiculous, the idea that a firm like MK would be hawking this property without coming out and saying on the top line “owner’s duplex occupied by rent-regulated tenant” is sleazy.
    The money that would be needed to bring this exploited and mistreated little building up to First World standards, and the money (and also wear and tear on one’s arteries) that would be required to remove tenants without leases, is one of those weird throw-back to the Soviet system that survives only in NYC.
    This is a good investment for someone like Tony Soprano, who could make a “convincing argument” to the tenants to leave forthwith or sleep with the fishes. Alas that is what the NYC rent laws encourage.
    Shameful, but what can one do? I steer clear and live my good life away from housing court and rent control court and the Brooklyn version of the Kremlin and the Cosa Nostra. I learned that sometime after my curriculum at St.Paul’s and Yale.
    Cheers!