122 7th Ave

3,680 SF 100% Leased Retail Building Brooklyn, NY 11215 $4,750,000 ($1,291/SF) 5.60% Cap Rate

INVESTMENT HIGHLIGHTS

  • Prime Park Slope
  • Free Market | Protected Tax Class
  • Completely Turn Key Renovated
  • No rent concessions

EXECUTIVE SUMMARY

The New York Multifamily team is proud to present 122 7th Avenue, a 3-unit multifamily property located in the highly coveted Park Slope neighborhood, offered at $4,750,000.
This property represents a prime investment opportunity, boasting exceptional curb appeal and a fully occupied, turn-key building. Recent major renovations and improvements have further enhanced its value, making it an even more attractive and rare find. You don't need to do a thing and expenses are absolutely minimal. Apartments are separately metered paying their own heat and hot water. Retail is MTM but would like to sign a long-term lease, giving you flexibility to either commit or re-tenant.
Nestled in the heart of Park Slope, one of Brooklyn’s most desirable neighborhoods, this property is strategically positioned on 7th Avenue between President and Carroll Streets. Both residents and tenants enjoy proximity to vibrant cafes, renowned restaurants, boutique shops, lush parks, and excellent transportation options, creating the perfect blend of business convenience and leisurely living.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,680 SF
Building Class
C
Year Built
1921
Price
$4,750,000
Price Per SF
$1,291
Cap Rate
5.60%
NOI
$266,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.11
Lot Size
0.04 AC
Zoning
R6A
Frontage
39 FT on 7th Ave
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)

NEARBY MAJOR RETAILERS

Key Food
Chase Bank
Citi
Webster Bank
Td Ameritrade
My Gym
SoulCycle
Club Pilates
Crunch
Starbucks

PROPERTY TAXES

  • Listing ID: 34492001

  • Date on Market: 1/15/2025

  • Last Updated:

  • Address: 122 7th Ave, Brooklyn, NY 11215