Pending
80 7th Avenue
Brooklyn NY, 11217
$3,950,000
$822.92 per sqft
Pending
6 Beds
3 Baths
4,800 sqft
Residential
Built in 1921
Mixed Use in Prime Park Slope
A rare investment opportunity in the heart of Park Slope. This classic, 4,800 square foot four story brownstone consists of a commercial space on the ground floor and three 2-bedroom floor-through free market residential rentals above. Located on Seventh Avenue off Berkeley Place, the property inhabits a densely foot trafficked and highly sought after rental area on Park Slope's Northside.
Lovingly maintained by the same Owner for over 50 years, the residential units feature beautiful pre-war details throughout, including original floors, moldings, and fireplaces. At 1,200 square feet per floor and in a prime location near Grand Army Plaza, Prospect Park, and numerous subway lines, these rental units are in high demand in a Park Slope neighborhood exploding in popularity. A successful deli / convenience store operates out of the commercial space, which includes a backyard, full basement and cold storage.
With a projected cap rate approaching 6%, this historic landmark is an ideal investment vehicle for those looking to generate income while participating in the long term price appreciation upside of trophy real estate assets in prime Brooklyn.
COMP-1360381861671625649
MLSⓇ ID
October 26, 2023
Listed
July 13, 2024
Updated
Map
80 7th Avenue
Brooklyn NY, 11217
Interior Features
Total Stories
4
Bedrooms
6
Total Bathrooms
3
Full Bathrooms
3
Interior Features
High Ceilings
Appliances
Washer
Laundry Description
In Unit, See Remarks
Floor Description
Hardwood
Fireplace
Yes
Fireplace Description
Decorative
Cooling
No
Heating
No
Exterior/Building Features
Other Property Details
Taxes
$47,760
Tax Frequency
Annually
HOA Frequency
Monthly
Garage
No
View
No
County
Kings
Pool
No
Listing History
Date | Event | Price |
---|---|---|
4/2/2024 | Pending | — |
Listed by Jonah Katz with Compass
Listing Contact: (631) 885-5346
The IDX display contains information sourced from the Real Estate Board of New York as of 7/13/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 7/13/2024 at 2:04 PM UTC