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$2,999,990
Est. payment /mo
2,911 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,911 sqft
Price per Sqft $1,030
MLS Listing ID 498242
Year Built 1925
Annual Tax Amount $13,924
Property Sub-Type Mixed Use
Property Description
Rare opportunity to acquire a core mixed-use asset in the heart of Park Slope, located along the highly sought-after 7th Avenue retail corridor. The property sits directly across from NewYork-Presbyterian Brooklyn Methodist Hospital, one of Brooklyn's most prominent and respected medical institutions, providing an irreplaceable, long-term demand anchor and consistent daily foot traffic.
The building features two residential units above a ground-floor commercial storefront, offering a balanced combination of stable residential income and flexible commercial upside. The ground-floor retail space is currently delivered vacant, allowing immediate repositioning, owner occupancy, or re-tenanting at market rates. The property offers an anticipated investment return exceeding 7.3%, making it highly competitive among core Park Slope assets. The retail space benefits from strong visibility and frontage, suitable for all retail. Residential units maintain consistent demand due to proximity to a major employment center, transportation, and lifestyle amenities. An exceptional opportunity for investors seeking stable income, capital preservation, and exposure to one of Brooklyn's most irreplaceable mixed-use locations.
The building features two residential units above a ground-floor commercial storefront, offering a balanced combination of stable residential income and flexible commercial upside. The ground-floor retail space is currently delivered vacant, allowing immediate repositioning, owner occupancy, or re-tenanting at market rates. The property offers an anticipated investment return exceeding 7.3%, making it highly competitive among core Park Slope assets. The retail space benefits from strong visibility and frontage, suitable for all retail. Residential units maintain consistent demand due to proximity to a major employment center, transportation, and lifestyle amenities. An exceptional opportunity for investors seeking stable income, capital preservation, and exposure to one of Brooklyn's most irreplaceable mixed-use locations.
Location
State NY
County Kings (brooklyn)
Area Park Slope
Zoning R6A C1-4
Rooms
Basement Separate Entrance
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by E House Realty & Mgt. Inc.
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716