433 7th Ave 500 SF Retail Condo Unit Offered at $625,000 in Brooklyn, NY 11215
EXECUTIVE SUMMARY
This retail cooperative opportunity is situated at the base of a charming pre-war building built in 1931, featuring 7 units. It offers easy access to the subway and is just 30 minutes from Manhattan. This site is in the vibrant neighborhood of Park Slope, Brooklyn, characterized by historic brownstones, tree-lined streets, and a strong sense of community. The area is family-friendly and popular with young professionals and artists, boasting a well diverse population. In addition to its proximity to Prospect Park, which provides ample green space for outdoor activities, Park Slope is filled with a variety of shops, restaurants, and cafes that showcase a mix of cuisines and local boutiques. The neighborhood is also known for its excellent schools and amenities, including playgrounds and farmers’ markets. Culturally rich, Park Slope features a lively arts scene, with galleries, theaters, and music venues enhancing its appeal. This blend of urban living and neighborhood charm makes Park Slope a highly sought-after location.
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- Offering Memorandum
PROPERTY FACTS
| Price | $625,000 |
| Unit Size | 500 SF |
| No. Units | 1 |
| Total Building Size | 6,500 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment or Owner User |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 1,625 SF |
| Year Built | 1920 |
| Lot Size | 0.06 AC |
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 500 SF |
| Price | $625,000 |
| Price Per SF | $1,250.00 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.82% |
| NOI | $36,400 |
SALE NOTES
This retail cooperative opportunity is situated at the base of a charming pre-war building built in 1931, featuring 7 units. It offers easy access to the subway and is just 30 minutes from Manhattan. This site is in the vibrant neighborhood of Park Slope, Brooklyn, characterized by historic brownstones, tree-lined streets, and a strong sense of community. The area is family-friendly and popular with young professionals and artists, boasting a well diverse population. In addition to its proximity to Prospect Park, which provides ample green space for outdoor activities, Park Slope is filled with a variety of shops, restaurants, and cafes that showcase a mix of cuisines and
local boutiques. The neighborhood is also known for its excellent schools and amenities, including playgrounds and farmers’ markets. Culturally rich, Park Slope features a lively arts scene, with galleries, theaters, and music venues enhancing its appeal. This blend of urban living and neighborhood charm makes Park Slope a highly sought-after location.
NEARBY MAJOR RETAILERS
ZONING
| Zoning Code | R6A |
