228-Washington-Avenue-0708.jpg
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

Leave a Reply

  1. I also wrote my “ridiculously good deal” comment before noting the rent stabilized duplex. Delivered vacant this is a great deal but I don’t pretend to know the ins and outs of getting tenants out. Great neighborhood and a fantastic corner lot though make this an intriguing property.

  2. maybe its just me, but i still think this is expensive considering the financial “issues” of late. If the rent stablization is also true, it’s not even close.

    Maybe an end user can cancel the lease and claim it will be a primary residence. Still, that will be somewhere between exceedingly annoying and impossible. Anyone know how old the tenants are?

  3. ‘Knock down those garages and make a nice old-red brick walled garden with espallier peach trees’

    Are you kidding me. A guarenteed parking spot in Brooklyn is Gold!

    Knock down one garage or create a terrace on top of them.

1 2 3