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179 7th Ave

5,864 SF 100% Leased Retail Building Brooklyn, NY 11215 £2,584,699 (£441/SF) 6.80% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • AAA location
  • High foot traffic
  • 25' frontage
  • Easy access to public transportation

EXECUTIVE SUMMARY

Prime investment opportunity.
Mixed use building with large restaurant (approx. 1400 sf) plus 6 residential units (1-2 bedroom).
Located on 7th Avenue between 1st Street and 2nd Street.
7th Avenue is a well established commercial and residential street in the heart of historic Park Slope.
Park Slope is a highly desirable, high income, downtown Brooklyn neighborhood.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,864 SF
Building Class
C
Year Built
1920
Price
£2,584,699
Price Per SF
£441
Net Initial Yield
6.80%
NOI
£175,760
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
2.24
Lot Size
0.06 AC
Zoning
R6A - A contextual district where the Quality Housing bulk regulations are mandatory.
Frontage
25 ft on 7th Ave

LINKS

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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Taim
Starbucks
Bank of America
Five Guys
Pokéworks
Cheeburger Cheeburger
Blue Bottle Coffee
Just Salad
Foodtown
Chase Bank

PROPERTY TAXES

Parcel Number 01076-0005 Improvements Assessment £1,780,102
Land Assessment £15,747 Total Assessment £1,795,849

PROPERTY TAXES

Parcel Number
01076-0005
Land Assessment
£15,747
Improvements Assessment
£1,780,102
Total Assessment
£1,795,849
(917) 975-7491

CONTACT

  • Listing ID: 33625417

  • Date on Market: 24/10/2024

  • Last Updated:

  • Address: 179 7th Ave, Brooklyn, NY 11215

The Park Slope Retail Property at 179 7th Ave, Brooklyn, NY 11215 is currently available. Contact Townsley & Gay LLC for more information.

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VIDEOS
3D TOUR
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MAP
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179 7th Ave, Brooklyn, NY for sale Building Photo- Image 1 of 17
Building Facade
179 7th Ave, Brooklyn, NY for sale Building Photo- Image 2 of 17
Building Facade
179 7th Ave, Brooklyn, NY for sale Floor Plan- Image 3 of 17
179 7th Ave Sample Residential layout
179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 4 of 17
Typical Unit
179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 5 of 17
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179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 6 of 17
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179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 7 of 17
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179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 8 of 17
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179 7th Ave, Brooklyn, NY for sale Building Photo- Image 9 of 17
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179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 10 of 17
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179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 11 of 17
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179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 12 of 17
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179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 13 of 17
Typical Unit
179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 14 of 17
Gas Heating System
179 7th Ave, Brooklyn, NY for sale Interior Photo- Image 15 of 17
Water Heaters
179 7th Ave, Brooklyn, NY for sale Building Photo- Image 16 of 17
Building Photo

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179 7th Ave
(917) 975-7491 x

179 7th Ave

Michael Sabin

(917) 975-7491

(917) 975-7491

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