Description

Rare Opportunity to own a Prime Park Slope, mixed use, 4 story corner building on 7th Avenue/11th Street. This income producing property consists of three apartments and one commercial retail store. All apartments consist of 2 bedrooms/1 Bath plus a bonus room which can be used as a small bedroom, office or dining area. All apartments have been completely renovated including granite counter tops, wood floors, dishwashers and windows. The common areas and the outside of the building were recently painted. The entire building, inside and out, was installed with a security system. 1st floor apartment, owner occupied, will be delivered vacant. El Milagro, the commercial unit, is a staple in the neighborhood and has been a tenant since 2017. The full basement is semi finished with lots of storage. This property has been well maintained by owner; has updated electrics, new windows, a new layer of roofing, and has been converted to gas. The owner recently installed a state of the art security system and painted the outside and common areas. Conveniently located to transportation, schools, shops, restaurants, both Park Slope YMCA's, Prospect Park and Methodist Hospital. This corner property has excellent vehicle and foot traffic. R-6A zoned with a current 4.8% Cap Rate (projected 5.4%). This building is an investors dream, contact me today for more information and to view.
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$3,899,000

Listed on Jun 03, 2020

81 Days on Market

2 Beds / 1.0 Bath / - ft²

Total Monthly expenses: $857

Maintenance: - / R.E. Taxes $857

Other Details:

Mixed Use (1-6 Family)

Lot Size: 22.0' x 42.83' Built: 21.0' x 43.0'

Zoning: S1-5, S9

Exclusively listed with: The Corcoran Group Source: RLS

Linda Leon

linda.leon@corcoran.com

(908) 578-0667

Listing Courtesy of The Corcoran Group View Listing

Unit listing history

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