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Residential Income Property with Private Terrace
For Sale
$4,950,000

388 Washington Avenue 2, Brooklyn, NY 11238

Upper-level condominium residence with four bedrooms, three full baths, and a private terrace.

Property Size3,910 SF
Price / SF$1,265
Days on Market9

Property Features for 388 Washington Avenue 2

General Information

Standard status Active
Size 3,910 SF
Property subtype Apartment

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $25,452

Amenities

private entry foyer
oversized windows
decorative fireplaces
original architectural detailing
reclaimed antique chestnut floors
custom art lighting
Forbes & Lomax switches
beautiful millwork
chef's kitchen
exposed reclaimed timber beams
custom European cabinetry
Venetian marble countertops
center island
BlueStar gas range
Viking hood
Liebherr refrigerator
Bosch dishwasher
windowed powder room
primary suite
custom walk-in closet
Aquatica soaking tub
dual vanities
Vola fixtures
large-format tile
reclaimed oak flooring
custom closets
built-in storage
dedicated laundry room
washer and dryer
pitched roofline
Velux skylights
private Ipe terrace

Building Details

Building Size 3,910 SF
Year Built 1905
Construction neo-Grec brownstone
Listing Agency: Compass
Listed By: Rachel Greenstein
Source: Miradorrealestate
Added: Sep 10 Changed: Sep 15 Last Checked: Sep 16 at 10:27PM

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 Compass

Investment Insights

Based on property information with market context.

This residential income property occupies the upper three floors of a neo-Grec brownstone configured as a two-residence condominium. A private entry and staircase open to a large entertaining level with a 20'4" x 45'6" living and dining room, 12'6" ceilings, oversized windows, decorative fireplaces, reclaimed chestnut floors, and original architectural detailing. The kitchen includes European cabinetry, Venetian marble counters, a center island, a 48-inch BlueStar gas range, Viking hood, Liebherr refrigerator, and Bosch dishwasher.

Four bedrooms and three full baths are arranged across the two upper levels. The primary suite includes a customized walk-in closet and a bath with an Aquatica soaking tub, dual vanities, Vola fixtures, and large-format tile. Additional features include custom closets, built-in storage, a dedicated laundry room, a pitched roofline, and four Velux skylights. A private 276-square-foot Ipe terrace provides outdoor dining and lounge space.

The property is in Clinton Hill’s historic district, near Fort Greene Park, dining and retail along DeKalb, Lafayette, Myrtle, and Fulton Avenues, multiple subway lines, and neighborhood bike lanes.

Key Highlights

  • Upper three floors of a neo‑Grec brownstone configured as two condominium residences
  • 20'4" x 45'6" living and dining room with 12'6" ceilings
  • Four bedrooms and three full baths across two private upper levels

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Nursing Home Pet Grooming Service Auto Parts Store Home Appliance Store Tanning Salon

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

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

6,710
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Residential income property - Upper-level condominium residence with four bedrooms, three full baths, and a private terrace.
Where is this residential income property located?
The property is located at 388 Washington Avenue 2 Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Upper three floors of a neo‑Grec brownstone configured as two condominium residences; 20'4" x 45'6" living and dining room with 12'6" ceilings; Four bedrooms and three full baths across two private upper levels
More about this property
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