671-689 Washington Ave - Storefront FOR SALE


Brooklyn, NY 11238- Crown Heights
$10,000,000 USD
718-360-8837
671-689 Washington Ave, Brooklyn, NY for Sale
$10,000,000 USD
Storefront - FOR SALE
1/11
null | 2.57% Cap Rate

671-689 Washington Ave
Brooklyn, NY 11238
Crown Heights


OVERVIEW

Investment Property Realty Group (IPRG) is pleased to present an exclusive opportunity to acquire 671-689 Washington Ave, a prime mixed-use asset at the corner of Washington Avenue and Prospect Place in the heart of Prospect Heights, Brooklyn. This trophy property features two residential units and six retail storefronts, boasting 176 feet of wraparound frontage along one of Washington Avenue’s most sought-after retail corridors. Built on a 176.25 ft x 31.42 ft lot, the property spans approximately 8,823 square feet across two floors, with a ground floor footprint of 176.25 ft x 31.42 ft and a second-floor footprint of 60 ft x 31 ft. Additionally, the R6A, C2-4 zoning allows for 9,500 square feet of buildable air rights, bringing the total allowable buildable square footage to 18,312. Strategically positioned near major retail corridors and offering excellent access to the 3, B, 4, 5, A, and C subway lines, the property benefits from strong in-place cash flow with substantial upside potential. Located in one of Brooklyn’s most dynamic and rapidly appreciating neighborhoods, 671-689 Washington Ave represents a rare opportunity for investors seeking a well-located, high-quality asset with long-term value.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$543 USD /SF

CAP RATE

2.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C2-4/R6A

APN/PARCEL ID

01154-0001

ASK ABOUT THIS PROPERTY

Toby WaringInvestment Property Realty GroupMore Info
718-360-8837

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Toby WaringInvestment Property Realty GroupMore Info
718-360-8837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.