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.