TerraCRG has been retained to exclusively represent ownership in the sale of 750 Washington Avenue, a four-story multifamily building in the Prospect Heights neighborhood of Brooklyn.
The approximately 7,720 SF building consists of 10 free-market apartments and 6 RS apartments. 10 of the 16 units are fully gut renovated. The property currently has an annual gross rent roll of ~$473,000 and a net operating income of ~$350,000 after expenses.
The property sits on the Washington Avenue corridor between Park Place and Sterling Place just blocks from the Brooklyn Museum and Prospect Park.