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$7,499,000
Est. payment /mo
16 Baths
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 499623
Full Baths 16
Annual Tax Amount $122,211
Property Sub-Type Multi-Family
Property Description
Prime Park Slope Investment Opportunity
Rare opportunity to acquire a beautiful limestone prewar building in the heart of Park Slope, ideally located between Prospect Park and New York-Presbyterian Brooklyn Methodist Hospital.
The property features 15 residential units, consisting of 11 free-market apartments and 4 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and the building has been well maintained with tenants in good standing.
Apartments are currently 10–15% below market rents, offering clear upside for investors.
Key Highlights:
• 15-unit limestone prewar building
• 11 free market / 4 rent stabilized units
• Updated kitchens with stone counters & renovated baths
• Ultra-prime Park Slope location
• Apartments ~10–15% below market
• 6.9% cap rate
• Assumable $6.4M interest-only loan at 5.6% with 1 year remaining
A rare chance to acquire a well-maintained asset in one of Brooklyn's most sought-after neighborhoods.
Rare opportunity to acquire a beautiful limestone prewar building in the heart of Park Slope, ideally located between Prospect Park and New York-Presbyterian Brooklyn Methodist Hospital.
The property features 15 residential units, consisting of 11 free-market apartments and 4 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and the building has been well maintained with tenants in good standing.
Apartments are currently 10–15% below market rents, offering clear upside for investors.
Key Highlights:
• 15-unit limestone prewar building
• 11 free market / 4 rent stabilized units
• Updated kitchens with stone counters & renovated baths
• Ultra-prime Park Slope location
• Apartments ~10–15% below market
• 6.9% cap rate
• Assumable $6.4M interest-only loan at 5.6% with 1 year remaining
A rare chance to acquire a well-maintained asset in one of Brooklyn's most sought-after neighborhoods.
Location
State NY
County Kings (brooklyn)
Area Park Slope
Rooms
Basement Full, Semi-Finished
Interior
Hot Water Gas
Heating Gas
Flooring Carpeting, Ceramic, Hardwood, Laminate
Heat Source Gas
Exterior
Exterior Feature Limestone
Amenities Available NONE
Roof Type Flat
Handicap Access Unknown
Building
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Assumption,Bank Mortgage,Cash
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Listed by Wolf Properties Inc
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716