419 7th Ave - Apartments FOR SALE


Brooklyn, NY 11215- Park Slope
$7,100,000 USD
212-729-7140
419 7th Ave, Brooklyn, NY for Sale
$7,100,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

419 7th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • 100% Free Market with no history of rent stabilization
  • One (1) vacant residential unit and eight (8) other units on month-to-month leases
  • Two (2) vacant retail units that allow for immediate repositing
  • Elevator Building on a Prime Park Slope corner location, two blocks from Prospect Park
  • Currently classified as Tax Class 2; eligible for 2B reclassification in 2026/27

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 419 7th Avenue (the “Property”), a 5-story, mixed-use elevator building with 127’ of wraparound frontage located on the northeast corner of 7th Avenue between 13th Street and 14th Street in Park Slope. The Property spans approximately 10,713 ± square feet and consists of nine (9) residential units over two (2) retail units. Of the residential units, all nine (9) are free market. The unit mix consists of seven (7) 2BD/1BA, one (1) 1BD/1BA and one (1) 2BD/1BA penthouse with a roof deck. No detail was spared in the 2007 construction of the building. Every residential unit features a washer/dryer, crown molding throughout the apartment, custom cedar closets with pull out oak drawers, hardwood floors with walnut trim, exposed brick, full-size dishwashers, and private or shared outdoor space in seven (7) out of nine (9) residential units. In 2020, ownership invested over $1.5 million in capital improvements, including comprehensive waterproofing, new brick repointing, new skylights, new roofing, renovated terraces, and a rebuilt parapet wall. The building has no history of rent stabilization or rent regulation and was previously converted from a commercial building.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$663 USD /SF

# OF UNITS

11

PRICE/UNIT

$645,455

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,885 SF

ZONING

R6A

APN/PARCEL ID

01100-0001

ASK ABOUT THIS PROPERTY

Miles Davis-BoschAvison YoungMore Info
212-729-7140

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Miles Davis-BoschAvison YoungMore Info
212-729-7140

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.