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Executive Summary

692 Washington Avenue presents a rare opportunity to acquire a fully renovated mixed-use property in the heart of Prospect Heights, Brooklyn. This well-maintained building features a ground-floor commercial space currently configured as a doctor's office, along with two beautifully updated residential apartments above.
The ground-floor commercial space, with split-system AC, includes four examining rooms and a half bath, making it well-suited for continued medical or professional use. With strong street presence and steady foot traffic, it also offers flexibility for a variety of retail, office, or service-oriented businesses.
The residential units are delivered vacant, offering immediate flexibility for rental income, owner occupancy, or a combination of both. Located on the second and third floors, each apartment is bright and open, featuring two bedrooms plus a dedicated office, along with modern finishes including renovated kitchens, stylish bathrooms, and thoughtfully designed living spaces that balance comfort and functionality.
The property also includes a fully finished basement with a full bathroom and heated floors, providing valuable additional space for storage, office expansion, or supplemental use in connection with the commercial unit. A charming backyard adds a rare outdoor retreat in an urban setting.
Positioned along a vibrant corridor with convenient access to transportation, dining, and neighborhood amenities, 692 Washington Avenue is an ideal turnkey mixed-use asset with immediate usability and long-term upside.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,754 SF
Building Class
C
Year Built
1899
Price
$2,450,000
Price Per SF
$889.62
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.64
Lot Size
0.04 AC
Zoning
R6A - a medium-density residential zoning district

Amenities

  • Bus Line
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100

Nearby Major Retailers

Ridgewood Savings Bank
Golden Krust Caribbean Restaurants
Coast To Coast LLC
PureGym
Key Food
Chase Bank
Foodtown
Bravo Supermarkets
Life Time
Orangetheory Fitness

Property Taxes

Property Taxes

Parcel Number
01153-0133
Land Assessment
$31,680
Improvements Assessment
$99,660
Total Assessment
$131,340
  • Listing ID: 40805623

  • Date on Market: 6/5/2026

  • Last Updated:

  • Address: 692 Washington Ave, Brooklyn, NY 11238

Contact the Sale Advisor

692 Washington Ave

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