Clinton Hill

A buyer with a Beverly Hills accountant is new owner of 580 Washington Ave. in Clinton Hill

Eye On Real Estate

June 21, 2017 By Lore Croghan Brooklyn Daily Eagle
Clinton Hill is a neighborhood of historic homes of varied architectural styles — including Gothic Revival, as this 1840s house on Clinton Avenue attests. Eagle photos by Lore Croghan
Share this:

Welcome to the neighborhood, whoever you are.

A trust set up by a Beverly Hills accountant paid $3.125 million for a Clinton Hill brownstone, 580 Washington Ave., city Finance Department records indicate.

Actors, musicians and sports figures often buy real estate through trusts, with the involvement of their California-based agents or accountants. Of course, it’s possible the new owner of the Washington Avenue brownstone is simply somebody who doesn’t want his or her name in property records that are available to the public.

The purchase was made through The Cabbage Industries Trust, with a Wilshire Boulevard, Beverly Hills address in care of accountant Mark Kaplan.

News for those who live, work and play in Brooklyn and beyond

The trustee who signed the deed is Manhattan real-estate lawyer Robert Frankel.

An old online posting says 580 Washington Ave. is 23 feet wide and has seven mantelpieces and original wood floors plus updates such as central air-conditioning. The asking price had been $3 million.

By the way, The Cabbage Industries Trust just sold a condo at 70 Washington St. — that’s Street, not Avenue, and the neighborhood is DUMBO — for $1.475 million, Finance Department records show.

The trust had purchased the DUMBO apartment for $1.065 million in 2013.

But back to the trust’s Clinton Hill brownstone purchase. On the block where it’s located, which is Washington Avenue between Atlantic Avenue and Fulton Street, two other townhouses are in contract:

* Directly next door, 582 Washington Ave. had been on the market for a $3 million asking price, according to a posting by Corcoran Group’s Shakti C’Ganti, who has the listing.  

This house last changed hands in 2014, when Yitzchak David Manaster and Jennifer Griffee purchased it for $2.35 million, Finance Department records indicate.

* The second house that’s in contract is 574 Washington Ave., which had been on the market for a $1.999 million asking price, according to a posting by Keller Williams’ Carson Alexander, who has the listing. The outside of the building has been scored and is ready to have a brownstone façade applied to it.

Various members of the Cuffee family have owned 574 Washington Ave. since 1967, Finance Department records show.

Here are some other recent Clinton Hill home sales. We gleaned the prices and buyer names from Finance Department records:

* Alexander Desjardins and Elizabeth Desjardins paid $3.089 million for 303 Vanderbilt Ave.

The sellers, Timothy Cassidy and Quinn Sweeney, had purchased the house for $1.705 million in 2012.

The neo-Grec rowhouse was constructed in 1877 by developer-builder Benjamin Linikin, the city Landmarks Preservation Commission’s designation report about the Clinton Hill Historic District says.

* An LLC with Zachary Stern as member bought 186 Clinton Ave. for $2.6 million. Stern is the director of finance, asset management and acquisitions at the Brooklyn Home Company, a family-run custom home builder.

The Clinton Avenue property has an important pedigree: It’s half of a double house that was designed in the early 1890s by Montrose Morris, Brooklyn’s star architect of the late 19th century.

* Jason Miller and Erin Pollard paid $1.975 million for a brownstone at 370 Grand Ave.

* An LLC with Alexander Grunhut as member bought 498 Clinton Ave. for $1.65 million.


Leave a Comment

Leave a Comment