238 Hall Str & 296 Washington Ave, Brooklyn, NY 11205

Clinton Hill, Brooklyn, New York 11205

Listing ID Number

25257

Property Description

Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of The Clinton Hall, two newly-constructed 4-story plus penthouse-level multi-family buildings located at 238 Hall Street & 269 Washington Avenue in Clinton Hill, Brooklyn. The two buildings make up a combined 25,000 SF and are comprised of a total of 20 residential apartments, 10 apartments per building. The properties sit on a blockthrough site and are adjoined by a common courtyard. The property also benefits from a 15-Year 421A Tax Benefit, currently in year 2 of the 3 year construction benefit period.

The property has a residential unit mix of four (4) one-bedroom units, four (4) two-bedroom units, five (5) three-bedroom units, six (6) four bedroom units, and one (1) five bedroom unit. Further, eight (8) of the units are duplexes.

Located in the heart of the beautiful landmarked neighborhood of Clinton Hill, The Clinton Hall is settled just across the street from the well-known Pratt Institute and a few short blocks away from Fort Greene Park. It is also ideally situated one block from the Clinton Washington Avenue Station and the A/C/G trains, and a quick 10-minute walk away from Atlantic Terminal and Barclays Center, with access to over 10 subway lines and the Long Island Rail Road, providing accessibility to virtually anywhere in New York City. The Clinton Hall presents investors with a unique opportunity to acquire a high-end residential asset in one of Brooklyn’s most lively neighborhoods.

Overview

Building Type:Apartment Buildings

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen P. Palmese
Vice Chairman
(718) 307 6552
stephen.palmese@cushwake.com

Michael J. Mazzara
Director
(718) 606 7052
michael.mazzara@cushwake.com

Thomas Freeland
Associate Director
(718) 606 7021
thomas.freeland@cushwake.com

James Berluti
Associate Director
(718) 606 7053
james.berluti@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.