Active

80 7th Avenue

New York City NY, 11217

$3,950,000


$822.92 per sqft

Active

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

July 17, 2023

Listed

February 27, 2024

Updated

Map

80 7th Avenue
New York City NY, 11217

Interior Features

Total Stories

4


Bedrooms

6 Beds


Bathrooms

3 Baths


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


Buyer Agency Compensation

3%

Courtesy of Compass with Jonah Katz, Lyon Porter
Listing Contact: (631) 885-5346 

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2024 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 7:22 PM UTC, 2/27/2024

 

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