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Gut Renovated Mixed-Use Building
For Sale
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688 Washington Avenue, Brooklyn, NY 11238

Gut renovated mixed-use building offered for sale at 688 Washington Avenue in Prospect Heights, Brooklyn.

Property SizeContact for details
Days on Market122

Property Features for 688 Washington Avenue

General Information

Standard status Active
Property subtype Retail, Multifamily, Mixed Use
Listing Agency: Matthews
Listed By: DJ Johnston · License #10401229409
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 7:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Investment Insights

Based on property information with market context.

This gut renovated mixed-use building is being offered for sale at 688 Washington Avenue. Cushman & Wakefield has been retained on an exclusive basis to arrange the transaction.

Located in the Prospect Heights neighborhood of Brooklyn, the property’s mix of uses supports a flexible income approach. The building has been renovated to a gut condition, reflecting comprehensive interior redevelopment.

Details on unit mix, size, and current configuration are not provided in the available materials, but the asset is presented as a fully renovated mixed-use property well-suited to a buyer seeking a turn-key redevelopment.

Key Highlights

  • Gut renovated mixed‑use building for sale at 688 Washington Avenue in Prospect Heights, Brooklyn
  • Offered for sale as a mixed‑use property in the Prospect Heights neighborhood

Property Analytics

Current Use

Sit & Wonder Cafe & Coffee Shop

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home Accounting Firm Building Supply Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,181
Businesses Nearby
150k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 63% Shops & Services 26% Groceries 11%
McDonald's Dining
56,606 visits/mo 0.3 miles
Key Food Groceries
10,405 visits/mo 0.3 miles
Dunkin' Donuts Dining
9,793 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
9,352 visits/mo 0.5 miles
Chipotle Mexican Grill Dining
9,346 visits/mo 0.5 miles

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Gut renovated mixed-use building offered for sale at 688 Washington Avenue in Prospect Heights, Brooklyn.
Where is this retail space located?
The property is located at 688 Washington Avenue Brooklyn, NY.
What are key features of this property?
This property features: Gut renovated mixed‑use building for sale at 688 Washington Avenue in Prospect Heights, Brooklyn; Offered for sale as a mixed‑use property in the Prospect Heights neighborhood
More about this property
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