723 6th Ave - Apartments FOR SALE


Brooklyn, NY 11215- South Slope
$2,750,000 USD
718-360-8801
723 6th Ave, Brooklyn, NY for Sale
$2,750,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

723 6th Ave
Brooklyn, NY 11215
South Slope


HIGHLIGHTS

  • Vacant Corner Mixed-Use Building in the heart of Greenwood Heights
  • rare 25-foot-wide corner mixed-use property located at the intersection of 6th Avenue and 22nd Street
  • The fully free-market asset consists of three residential apartments, one ground-floor retail space, and two covered garage spaces
  • The residential component includes a spacious floor-through 2 bed, 1-bath apt on the 2nd floor, along with two additional 2-bed, 1-bath on 3rd floor
  • The building measures approx. 25’ x 72’ on the ground floor and 25’ x 50’ on the upper levels, providing a substantial footprint and flexible layouts
  • Situated just a short walk from the New York City Subway R Train at 25th Street and 4th Avenue

OVERVIEW

Investment Property Realty Group (IPRG) is pleased to present 723 6th Avenue, a rare 25-foot-wide corner mixed-use property located at the intersection of 6th Avenue and 22nd Street in the heart of Greenwood Heights, Brooklyn. The fully free-market asset consists of three residential apartments, one ground-floor retail space, and two covered garage spaces. The residential component includes a spacious floor-through two-bedroom, one-bathroom apartment on the second floor, along with two additional two-bedroom, one-bathroom apartments on the third floor. The building measures approximately 25’ x 72’ on the ground floor and 25’ x 50’ on the upper levels, providing a substantial footprint and flexible layout. Situated just a short walk from the New York City Subway R Train at 25th Street and 4th Avenue, the property benefits from excellent connectivity and convenient access to the vibrant retail corridors of 5th Avenue and 6th Avenue. Greenwood Heights continues to attract residents and businesses alike due to its proximity to Park Slope, Industry City, and Sunset Park, making 723 6th Avenue an attractive investment opportunity with stable in-place income and long-term upside potential.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$553 USD /SF

# OF UNITS

3

PRICE/UNIT

$916,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R6

APN/PARCEL ID

00898-0001

ASK ABOUT THIS PROPERTY

Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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