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195 Waverly Avenue
Townhouse in Clinton Hill •  building info
5bd • 3.5ba
Sold price

$4,750,000

Key Details
Days on market
80
Last price change
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Estimated payment
$29,183
Taxes
$2,162
Monthly maintenance
N/A
Description
NEW in Clinton Hill! LIVE/WORK mixed use carriage house (residential and storage/studio), 37' x 85' 5,269 sqft. with PRIVATE PARKING. When it was built in 1907 for George D. Pratt, one of the heirs to the founder of the Pratt Institute, 195 Waverly Avenue was deemed "the finest stable in Brooklyn." It now stands as an ode to the storied history of Brooklyn and its "gold coast" of Clinton Hill. Designed by William B. Tubby - whose works include the Pratt mansion and numerous notable New York and Long Island buildings - 195 Waverly Avenue is a triumph of early 20th century architecture. As an unusual combination of the aesthetic, the functional and the residential, the carriage house features three massive steel girders spanning the 37' wide interior, giving it vast flexibility in space usage. With none of the internal walls carrying structural weight, 195 offers unique openness on the ground floor, second floor and cellar. The ground floor encompasses a remarkable 37' x 85' open space with 13' ceilings - unparalleled in NYC carriage houses. It features the original white tiles, ample garage space for two cars and a functional layout with one full bathroom and a separate toilet. The front garage area leads to a storage and reception area that can be opened out, plus a hallway for circulation, cellar access and, currently, bicycles and recycling. The rear studio, previously used by renowned Abstract Expressionist George McNeil, is lit by 6 clerestory windows and two large skylights and is air conditioned. This space is ideal for a spacious workshop, design atelier, print, video or photographic studio, gallery, or any creative pursuit that benefits from space and light. The below-grade cellar mirrors the ground floor's expansive scale, with a 7' 10" height, intact original arches and a rear exit with stairs that connect to the studio deck. Suitable for storage, administration, or machinery, the cellar houses furnaces and hot water boilers servicing the apartments and studio above in its front right bay. The second floor, reached by a separate staircase, is thoughtfully configured as two apartments. The front apartment offers a cozy two-bedroom, 750 sqft. retreat with original wood flooring. The rear apartment, a spacious 1500 sqft. with three bedrooms, features skylights, central air conditioning and panoramic windows facing out on mature trees. Both apartments are quiet and tranquil due to low traffic on Waverly Avenue. Recent updates include fire safety improvements and rewiring. The roof of 195 Waverly provides a unique vantage point with glimpses of the Empire State Building and neighboring trees. The roof, skylights and parapets have been resealed in 2024, ensuring durability. The high brick wall on the south side has also been repointed in 2024, ensuring privacy. 195 is located adjacent to the charming Clinton Hill Historic District and in close proximity to the Pratt Institute and St. Joseph's University. With a FAR of 2, the property offers substantial development potential of over 2000 sqft. of additional space. Whether you seek to maintain its historical charm or to transform it into a contemporary masterpiece, this unique carriage house offers a spacious canvas for your imagination. On the market for the first time in over 50 years, 195 offers the perfect blend of historic substance and modern flexibility. Don't miss your opportunity to own and love this piece of Brooklyn's rich architectural heritage.

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Important Stuff
Washer/Dryer in unit
Building Amenities
Garage Parking
Fios Available
Building info

History
What it'll cost
Purchase price
$4,750,000
Asking Price: $4,750,000
Term
30 Years
Down Payment
$475,000 (10%)
Min: 10% (475,000)
Rate
6.5 %
Mortgage Amount
$4,275,000
Mortgage Payment
$27,021
Taxes
$2,162
Estimated closing cost
$178,000
Total monthly cost $29,183
Listing Courtesy of Corcoran Group

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