510 7th Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11215- Park Slope
$2,500,000 USD
718-475-4373
510 7th Ave, Brooklyn, NY for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | 5.16% Cap Rate

510 7th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • Park Slope 7th Avenue Mixed-Use
  • Vacant Two-Bedroom Apartment with Separate Boiler
  • Retail Tenant “B D Food Supermarket” is on a Month-to-Month Arrangement
  • Located Across the Street from P.S. 10 | Close to Prospect Park
  • 41 Feet of Frontage on 7th Avenue
  • Low Property Taxes of $6,653 Per Year

OVERVIEW

The Brennan Team of Marcus & Millichap has been exclusively hired to sell 510 7th Avenue, a two-story mixed-use building comprised of one (1) two-bedroom apartment and one (1) large commercial space currently occupied by a supermarket on a month-to-month arrangement. The property is located on 7th Avenue between Prospect Avenue and 17th Street in the Park Slope neighborhood of Brooklyn, New York. The subject property was built in 1923 and measures 41.83 feet wide by 55 feet deep, on an irregular lot that extends approximately 68 feet to its deepest point. The total building size is approximately 3,025 square feet, with the first floor totaling 2,021.24 square feet and the second floor 1,003.92 square feet (excluding the stairwell). The property is zoned R6B, C2-3 and classified as Tax Class 1. 510 7th Avenue presents a unique opportunity to purchase a well-located mixeduse property with immediate upside in the vacant apartment and a month-to-month retail tenant. The property benefits from low operating expenses, and offers nearly 42 feet of frontage on 7th Avenue. The subject property is located five blocks from the 15th St-Prospect Park [F,G] Subway Station, offering seamless access to Manhattan and the rest of Brooklyn.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$972 USD /SF

CAP RATE

5.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

R6B

APN/PARCEL ID

00868-0038

ASK ABOUT THIS PROPERTY

John BrennanMarcus & MillichapMore Info
718-475-4373

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

John BrennanMarcus & MillichapMore Info
718-475-4373

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