Mixed-Use Property Top-Tier Retail 274 7th Ave 26 Unit Block of Flats £16,129,600 (£620,369/Unit) Brooklyn, NY 11215
INVESTMENT HIGHLIGHTS
- Huge value-add proposition penciling as 8+ cap rate.
- From the roof to the basement this property is immaculately maintained...an investors dream.
- Property boasts of brand new mechanicals (2-years old), New Roof (5-years old), Sand-blasted clean in 2024.
EXECUTIVE SUMMARY
For the first time in generations 274 Seventh Ave in Park Slope Brooklyn is available for sale. The property is perfectly situated in the heart of Park Slope, in the midst of all the commerce on Seventh Ave, adjacent to NY Presbytarian Brooklyn Methodist Hospital, a block from the F and G subway station and in front of the B67 and B69 bus routes. The property features 2 AAA rated credit tenants, Bank of America and 5 Guys Burgers and a neighborhood favorite, La Bagel Delight, all very long term tenants. Many Methodist Hospital employees reside in the building and it's why the property never has vacancy's. The property sits 2-blocks from Brooklyn's jewel, Prospect Park!
PROPERTY FACTS
| Price | £16,129,600 |
| Price Per Unit | £620,369 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 26,000 SF |
| Number of Floors | 4 |
| Year Built | 1920 |
| Parking Ratio | 0.23/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Bath/Shower
SITE AMENITIES
- 24 Hour Access
- Public Transportation
- Walk-Up
- Smoke Detector
1 of 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 00995-0043 | Improvements Assessment | £3,978,560 |
| Land Assessment | £266,911 | Total Assessment | £4,245,471 |
ZONING
| Zoning Code | R6A (R6A) |
