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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.
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
Property Taxes
| Parcel Number | 01153-0133 | Improvements Assessment | $99,660 |
| Land Assessment | $31,680 | Total Assessment | $131,340 |
Property Taxes
Parcel Number
01153-0133
Land Assessment
$31,680
Improvements Assessment
$99,660
Total Assessment
$131,340
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692 Washington Ave



