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
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.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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