177 7th Ave
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177 7th Ave
5,864 SF Retail Building Brooklyn, NY 11215 $5,250,000 ($895/SF) 6% Cap Rate
Investment Highlights
- Heavy Foot Traffic
- Beautifully Maintained
- Exceptional Location
Executive Summary
EXCEPTIONAL MIXED USE BUILDING IN PRIME PARK SLOPE!
2 Retail spaces plus 6 Residential Rental units.
A perfect location that virtually guarantees future rental income and investment security.
Highlights include:
* 3 high income FREE MARKET residential rental units
* 2 rent stabilized residential units- (DELIVERED VACANT)
* 1 retail space, (DELIVERED VACANT, note: the larger of the two retail spaces).
*The building features a legal STEEL ROOF DECK which spans the full frontage of the property - 25’.
*Upper units enjoy great views including the deck, which has unobstructed skyline views
*Highly desirable Retail location
*Highly desirable Residential units
* The building has been thoughtfully maintained with an eye toward the future
* Easy to operate asset
* Full Basement
* Rear Yard
* Many Recent Upgrades and Maintenance Items
* Realistic Cap Rate
Please Inquire for a Sales Brochure
2 Retail spaces plus 6 Residential Rental units.
A perfect location that virtually guarantees future rental income and investment security.
Highlights include:
* 3 high income FREE MARKET residential rental units
* 2 rent stabilized residential units- (DELIVERED VACANT)
* 1 retail space, (DELIVERED VACANT, note: the larger of the two retail spaces).
*The building features a legal STEEL ROOF DECK which spans the full frontage of the property - 25’.
*Upper units enjoy great views including the deck, which has unobstructed skyline views
*Highly desirable Retail location
*Highly desirable Residential units
* The building has been thoughtfully maintained with an eye toward the future
* Easy to operate asset
* Full Basement
* Rear Yard
* Many Recent Upgrades and Maintenance Items
* Realistic Cap Rate
Please Inquire for a Sales Brochure
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,864 SF
Building Class
C
Year Built
1900
Price
$5,250,000
Price Per SF
$895
Cap Rate
6%
NOI
$315,000
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.24
Lot Size
0.06 AC
Zoning
R6A - Medium density residential district
Frontage
25 FT on 7th Avenue
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01076-0006 | Improvements Assessment | $1,652,130 |
| Land Assessment | $24,750 | Total Assessment | $1,676,880 |
PROPERTY TAXES
Parcel Number
01076-0006
Land Assessment
$24,750
Improvements Assessment
$1,652,130
Total Assessment
$1,676,880
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Presented by
Townsley & Gay LLC
177 7th Ave
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