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
  • Prime Park Slope corner location, two blocks from Prospect Park
  • Currently classified as Tax Class 2; eligible for 2B reclassification in 2026/27
  • Additional Cell Tower income stream which could also be sold off to blend down a buyer’s basis

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 120’ 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 and a cell tower on the roof. 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

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Miles Davis-BoschAvison YoungMore Info
212-729-7140

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