177 7th Ave 6,800 SF Retail Building Brooklyn, NY 11215 $4,750,000 ($698.53/SF)

Rodriguez Commercial Realty (RCR) is pleased to present 177 7th Avenue (Block: 1076, Lot: 6). This property has the valuable distinction of being in the heart of Prime Park Slope, with cross streets between 1st and 2nd Street. As part of greater Downtown Brooklyn, and Brownstone Brooklyn in particular, returns on real estate in this area have been historically robust. The impeccable locale of this property assures investors of that future. Local retail is integral to the residential community that surrounds it. The location offers excellent proximity to public transportation.
3 residential units and 2 commercial units are free market. There are 2 rent stabilized units, and one rent controlled unit in the building. The two rent stabilized units are currently vacant. For a new or out of town investor, this is an easy asset to manage.
177 7th Avenue is a turnkey, 4-story brick, mixed used building with 2 street level retail stores. There are 6; one to two bedroom apartments. The two retail spaces are situated on a prime commercial stretch of 7th Avenue, just steps from everything that Park Slope has to offer. Seventh Avenue is comprised of similar mixed use buildings. Three free market apartments have been renovated, maintaining original architectural features and providing modern, kitchens and bathrooms. There is a large 25’ steel roof deck with skyline views with exclusive access to unit 4L. The property has been thoughtfully and professionally maintained with an eye toward the future.
The physical assets of the building and its highly desirable location assures future rental demand. There are no major deferred capital expenditures and the property has low ongoing maintenance costs.
Property Highlights
2023: Flood mitigation prevention (Cost $22,275)
2022: Gas piping inspection (Cost $750.)
2022: New Iron Hatch at front
2020: New Gas Boiler (Cost $24,000.)
2020: New Gas Water Heater
2019: New Water Meter (Cost $750.)
2018: Refurbished Bulkhead to roof deck 4R (new windows, skylight and door)
2018: New Roof – 10 Year Guarantee (Premier Roofing Co.- Cost $16,000.).
2016: New Back Flow Device Installation (Cost $5,600.)
2008: Gut renovation of unit 4L with installation of bulk head and legal steel roof deck
• 150 Amp Electric Service to the building
• There are circuit breaker panels in 3R, 3L, 4R and 4L.