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245 WASHINGTON Avenue
About This Property
The Carriage House looks onto the Pratt Institute Sculpture Park and its 25-acre landscaped grounds via Hall Street. The front house boasts a stately brownstone fa ade, currently set up as a lower 3BR duplex with private garden and carriage house plus three 1-2BR income producing rentals upstairs. The property can be reconfigured into a grand single family home, several high value condos or anything in-between. Significant additional buildable square footage is available pending LPC approval and FAR review.
The front house features high ceilings, and large windows, and far reaching views of the Manhattan skyline from its top floor and roof. Original details remain, including several marble fireplace mantles with tile work, inlaid parquet flooring, decorative plaster, woodwork, window casements and shutters.
The carriage house is currently used for parking two cars, although it would be an easy transformation into an art studio, home office or hybrid living space. It features 12' high ceilings, and discreet access to the deep rear garden and kitchen/dining level of the main house.
Washington Avenue is one of the few historic mansion blocks of brownstone Brooklyn, featuring a deep sidewalk promenade and an exceptional tree canopy. Public transportation is convenient and you are minutes from Fort Greene Park, BAM, Pratt Institute, and the lovely cafes, restaurants and shopping along Dekalb Avenue.
This distinguished property stands tall among its neighbors, offering both grandeur and endless possibilities for its next owner. Private showings available.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Listed by Brown Harris Stevens Residential Sales LLC | $5,800,000 | |
| Listed by Brown Harris Stevens Residential Sales LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017