395 Washington Avenue (aka 160 Greene Avenue) presents an exceptional income-producing opportunity in the heart of Clinton Hill, Brooklyn. This three-story, prewar corner building features 14 residential units and 11 on-site parking spaces—a rare and highly desirable amenity in this sought-after neighborhood. Situated on a 61’ x 120’ lot at the corner of Washington and Greene Avenues, the property spans approximately 6,840 square feet and delivers strong in-place income with significant upside through unit turnover and operational optimization. The unit mix includes 12 two-bedroom apartments and 2 three-bedroom apartments, along with an on-site laundry facility.
Ideally positioned in one of Brooklyn’s most established and vibrant rental markets, the property benefits from its proximity to Fort Greene Park, Pratt Institute, and Myrtle Avenue’s bustling retail corridor.
With a balanced mix of rent-stabilized and free-market units, 395 Washington Avenue offers both immediate cash flow and meaningful long-term upside. Its prime location, solid returns, and potential for value enhancement make it an outstanding opportunity for investors seeking a stable, well-maintained multifamily asset in one of Brooklyn’s most desirable neighborhoods.