Updated Dec 19, 2023
Charles W. Weiss Acquires 280 Washington Avenue In Clinton Hill, Brooklyn For $9.05M
280 Washington Avenue, Clinton Hill, Brooklyn, NY, USA
$9,050,000
$1,350/SF
Building Size
6,700 SF
Asset Type
Single Family Residence
Closing
Jun 2, 2021
About this deal
AI
A single-family residence located at 280 Washington Avenue in Clinton Hill, Brooklyn has been sold in a recent transaction. The property, with a lot size of 5,000 square feet, features a building with 6,700 square feet of space. The previous sale of the property occurred on August 17, 2007, with a recorded price of $3,200,000. On June 3, 2010, permits for an alteration type 3 were issued. The property dimensions measure 25 feet by 200 feet.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $9,050,000
- Market: Clinton Hill, Brooklyn
- Zoning: R6B
- Buyer: Charles W. Weiss
- Seller: Douglas J. Warren
- Brokers: Zia O'Hara & Doug Bowen - Douglas Elliman
- Building Square Footage (BSF): 10,000
- Price per BSF (PPBSF): $905
- Building Square Footage (SF): 6,700
- Price per Square Foot (PPSF): $1,350
- Floor Area Ratio (FAR): 1.34
- Tax Class: 1
Represented by Zia O'Hara and Doug Bowen from Douglas Elliman, the deal's key individuals and companies played instrumental roles in the successful transaction.
On the Map
$9,050,000
$1,350/SF
Single Family Residence
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Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $9.1M for 6,700 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93