396 6th Ave
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396 6th Ave
3,600 SF 100% Leased Retail Building Brooklyn, NY 11215 $3,800,000 ($1,056/SF) 4.02% Cap Rate
Investment Highlights
- Corner Three-Story 3,600 Square Foot Mixed-Use Building in Park Slope, Brooklyn
- 20 Feet of Frontage to the 6th Avenue Retail Corridor
- Protected Tax Class 2A and Current Real Estate Taxes of $11,892
- Park Slope Residential Rents Averaging $70 - $80 PSF, Condominium Prices Reaching $1,400 – $1,800 PSF and Retail Rents on 6th Avenue Averaging $65 - $
- Five Blocks from the 4th Avenue / 9th Street “F” “G” & “R” Train Station and Three Blocks from Prospect Park
- Zoned R6B
Executive Summary
396 6th Avenue is a 3,600 SF three-story mixed-use building located on the corner of 6th Avenue and 7th Street in the Park Slope section of Brooklyn, NY. The property is built full on a 20 by 79-foot lot, zoned R6B.
Currently the building is fully occupied. A Mexican restaurant is leasing the ground floor commercial space. The 2nd floor is a large 2-bedroom 1-bath apartment with a private terrace and outdoor storage space. The 3rd floor is split into front and back 1-bedroom 1-bath apartments. Both top floor apartments have access to a rooftop terrace. There are 3 private parking garages behind the commercial space.
The subject property is located five blocks from the 4th Avenue / 9th Street subway station, serviced by the F, G & R lines. 396 6th Avenue offers investors and developers the opportunity to purchase a strategically located mixed use building in the Park Slope neighborhood of Brooklyn. The property is not currently subject to any landmark designation.
Currently the building is fully occupied. A Mexican restaurant is leasing the ground floor commercial space. The 2nd floor is a large 2-bedroom 1-bath apartment with a private terrace and outdoor storage space. The 3rd floor is split into front and back 1-bedroom 1-bath apartments. Both top floor apartments have access to a rooftop terrace. There are 3 private parking garages behind the commercial space.
The subject property is located five blocks from the 4th Avenue / 9th Street subway station, serviced by the F, G & R lines. 396 6th Avenue offers investors and developers the opportunity to purchase a strategically located mixed use building in the Park Slope neighborhood of Brooklyn. The property is not currently subject to any landmark designation.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,600 SF
Building Class
C
Year Built
1932
Price
$3,800,000
Price Per SF
$1,056
Cap Rate
4.02%
NOI
$152,760
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.07
Lot Size
0.04 AC
Zoning
R6B - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx.
Parking
3 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
20 FT on 6th Ave
Amenities
- Corner Lot
- Roof Terrace
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00994-0051 | Improvements Assessment | $849,150 |
| Land Assessment | $136,350 | Total Assessment | $985,500 |
PROPERTY TAXES
Parcel Number
00994-0051
Land Assessment
$136,350
Improvements Assessment
$849,150
Total Assessment
$985,500
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