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370 7th Ave., Brooklyn, NY 11215

Active Listing
Listing Details:
$3,700,000 Price
Multi-Family Townhouse Property Type
Park Slope Neighborhood
2 Beds
1 Baths
-- Approx. Sq. Ft.
$857 RET
Key Features:

Rare Opportunity to own a Prime Park Slope, mixed use, 4 story corner building on 7th Avenue/11th Street. This income producing property consists of three apartments and one commercial retail store. All apartments consist of 2 bedrooms/1 Bath plus a bonus room which can be used as a small bedroom, office or dining area. All apartments have been completely renovated including granite counter tops, wood floors, dishwashers and windows. The common areas and the outside of the building were recently painted. The entire building, inside and out, was installed with a security system. 1st floor apartment, owner occupied, will be delivered vacant. El Milagro, the commercial unit, is a staple in the neighborhood and has been a tenant since 2017. The full basement is semi finished with lots of storage. This property has been well maintained by owner; has updated electrics, new windows, a new layer of roofing, and has been converted to gas. The owner recently installed a state of the art security system and painted the outside and common areas. Conveniently located to transportation, schools, shops, restaurants, both Park Slope YMCA's, Prospect Park and Methodist Hospital. This corner property has excellent vehicle and foot traffic. R-6A zoned with a current 5.2 % Cap Rate (projected 5.5%). This building is an investors dream, contact me today for more information and to view.

Listing courtesy of The Corcoran Group

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