Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 688 Washington Avenue, a three-story mixed-use building in the Prospect Heights neighborhood of Brooklyn.

The 2,857 Square Foot building consists of four residential units plus one commercial unit on the ground floor. The property is fully occupied and has a gross annual rent roll of $186,323 and an approximate net operating income of $157,581 after expenses.

The property sits on the Washington Avenue retail corridor just off the corner of St. Marks Ave and just blocks from the Brooklyn Museum and Prospect Park. The 2 & 3 subway lines are accessible at Eastern Parkway.