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280 Washington Avenue, Clin...

Charles W. Weiss Acquires 280 Washington Avenue In Clinton Hill, Brooklyn For $9.05M
SOLDSingle Family Residence

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

Zia OHara

Douglas Elliman

Broker

$12.6M

vol

2 deals

Broker

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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