Brooklyn, NY TerraCRG has completed the $13.5 million sale of 257 Washington Ave. – a 32,000 buildable s/f development site in Clinton Hill. The deal was brokered by a TerraCRG team led by Dan Marks. “My team and I are happy to announce the sale of 257 Washington Ave. in Clinton Hill,” said Marks, partner at TerraCRG. “We’re excited to see the new owner bring renewed life to this beautiful building.”
The property, located between Willoughby and Dekalb Aves., is a former church and school in the Clinton Hill Historic District.
The block-through property is improved by an existing church building on Washington Ave. and a contiguous school building facing Hall St. The Hall St. building is overlooking Pratt University’s campus across the street.
Clinton Hill is located between Fort Greene, Barclays Center/Atlantic Terminal and brownstone-rich Bedford Stuyvesant. Situated in close proximity to three retail corridors, Dekalb Ave., Myrtle Ave. and Fulton St., the buildings are within a short walking distance to some of the most acclaimed restaurants in Brownstone Brooklyn.
The property is located within walking distance from Fort Greene Park, Brooklyn Academy of Music (BAM) and the Barclays Center. The commute to Union Sq. in Manhattan is only 20 minutes with the Clinton/Washington G train stop just few blocks away and with the C stop on Lafayette Ave. only a 10-minute walk.
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