UPDATED:
10/14/2024 11:54 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $822
Subdivision Park Slope
MLS Listing ID COMP-1360381861671625649
Bedrooms 6
HOA Y/N Yes
Year Built 1921
Annual Tax Amount $47,760
Property Description
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.
Location
State NY
County Kings
Rooms
Ensuite Laundry In Unit, See Remarks
Interior
Interior Features High Ceilings
Laundry Location In Unit,See Remarks
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Decorative
Furnishings Unfurnished
Fireplace Yes
Appliance Washer
Laundry In Unit, See Remarks
Exterior
Private Pool No
Building
Dwelling Type Multi Family,Mixed Use
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $3, 980
Pets Description Building No, Cats OK, Dogs OK
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