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346 7th Ave
Brooklyn, NY 11215

Retail Property For Sale

Executive Summary

Calling All Investors: Exceptional High-Rental Income Opportunity! This is a large mixed-use investment property located in the heart of Park Slope, Brooklyn. Just minutes away from Prospect Park, the YMCA, and surrounded by a vibrant selection of restaurants, shops, cafes, and supermarkets, this property offers an outstanding opportunity for investors seeking high rental income in a prime area. Positioned on bustling 7th Avenue, between 9th and 10th Streets, this building is just minutes away from the F and G subway lines at the 7th Avenue station, providing unparalleled convenience and accessibility. Built on a 19.5 ft x 80 ft lot and zoned R6A, C2-4, this property offers 4,680 square feet of income-generating space, including six rent-stabilized residential units and one commercial unit. The building footprint spans 19.5 ft x 60 ft, with each residential unit fully occupied. All units feature in-unit washers and dryers , hardwood floors, oversized windows, and decorative brick fireplaces, adding charm and modern appeal. The commercial space, currently occupied by a popular Sugaring Boutique , provides steady income in addition to the robust rental income from residential units. Fully occupied and income-producing, this property is a fantastic turnkey investment for anyone looking to establish or expand their portfolio in the highly desirable Park Slope neighborhood. With strong rental demand and a prime location, this is the perfect investment to secure both stability and growth. Schedule a viewing today to explore this incredible opportunity firsthand!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,680 SF
Building Class
C
Year Built
1921
Price
$3,699,999
Price Per SF
$791
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.69
Land Acres
0.04 AC
Zoning
R6A - with Commercial Overlay C2-4
Frontage
19 FT on 7th Ave

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01012-0045
Land Assessment
$9,900
Improvements Assessment
$1,210,950
Total Assessment
$1,220,850
  • Listing ID: 33837497

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 346 7th Ave, Brooklyn, NY 11215

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