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$ 7,499,000
Est. payment /mo
Active
566 7th ST Brooklyn, NY 11215
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
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Assumption,Bank Mortgage,Cash
Listed by Wolf Properties Inc