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Map
$3,950,000
●
House -
In Contract
80 7th Avenue
Brooklyn, NY 11217
6 Beds
3 Baths
4800 Sqft
$23,376
Estimated Monthly
$0
HOA / Fees
1.71%
Cap Rate
About This Property
Mixed Use in Prime Park Slope
A rare investment opportunity in the heart of Park Slope. This classic, 4,800 square foot four story brownstone consists of a commercial space on the ground floor and three 2-bedroom floor-through free market residential rentals above. Located on Seventh Avenue off Berkeley Place, the property inhabits a densely foot trafficked and highly sought after rental area on Park Slope's Northside.
Lovingly maintained by the same Owner for over 50 years, the residential units feature beautiful pre-war details throughout, including original floors, moldings, and fireplaces. At 1,200 square feet per floor and in a prime location near Grand Army Plaza, Prospect Park, and numerous subway lines, these rental units are in high demand in a Park Slope neighborhood exploding in popularity. A successful deli / convenience store operates out of the commercial space, which includes a backyard, full basement and cold storage.
With a projected cap rate approaching 6%, this historic landmark is an ideal investment vehicle for those looking to generate income while participating in the long term price appreciation upside of trophy real estate assets in prime Brooklyn.
A rare investment opportunity in the heart of Park Slope. This classic, 4,800 square foot four story brownstone consists of a commercial space on the ground floor and three 2-bedroom floor-through free market residential rentals above. Located on Seventh Avenue off Berkeley Place, the property inhabits a densely foot trafficked and highly sought after rental area on Park Slope's Northside.
Lovingly maintained by the same Owner for over 50 years, the residential units feature beautiful pre-war details throughout, including original floors, moldings, and fireplaces. At 1,200 square feet per floor and in a prime location near Grand Army Plaza, Prospect Park, and numerous subway lines, these rental units are in high demand in a Park Slope neighborhood exploding in popularity. A successful deli / convenience store operates out of the commercial space, which includes a backyard, full basement and cold storage.
With a projected cap rate approaching 6%, this historic landmark is an ideal investment vehicle for those looking to generate income while participating in the long term price appreciation upside of trophy real estate assets in prime Brooklyn.
Unit Size
4,800Ft²
Days on Market
-
Land Size
-
Price per sqft
$823
Property Type
House
Property Taxes
$3,980
HOA Dues
-
Year Built
1921
Listed By
Last updated: 16 days ago (RLS #COMP-1360381861671625649)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 2, 2024 | In contract | - | |
In contract | |||
Jul 17, 2023 | Listed by Compass | $3,950,000 | |
Listed by Compass |
Property Highlights
Fireplace
Interior Details
Bedroom Information
Bedrooms: 6
Bathroom Information
Full Bathrooms: 3
Interior Information
Interior Features: High Ceilings
Appliances: Washer
Flooring Type: Hardwood
Living Area: 4800
Room Information
Laundry Features: In Unit, See Remarks
Rooms: 21
Fireplace Information
Has Fireplace
Decorative
Fireplaces: 1
Exterior Details
Property Information
Year Built: 1921
Building Information
Pets Allowed: Building No, Cats O K, Dogs O K
Lot Information
Lot Size Dimensions: 20.000000x80.000000
Land Information
Tax Lot: 40
Tax Block: 00954
Financial Details
Tax Annual Amount: $47,760
Location Details
Subdivision Name: Park Slope
Stories Total: 4
Association Fee Frequency: Monthly
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
6
Beds
4
Baths
4,000 ft²
$999/ft²
$3,995,000
Mar 2, 2021
$3,995,000
Mar 30, 2021
-
Townhouse
6
Beds
4
Baths
4,000 ft²
$900/ft²
$3,600,000
Jul 18, 2018
$3,600,000
Dec 20, 2018
-
Townhouse
6
Beds
3
Baths
3,696 ft²
$947/ft²
$3,500,000
Apr 25, 2019
$3,500,000
Jan 15, 2020
-
Multifamily
6
Beds
5
Baths
4,000 ft²
$978/ft²
$3,910,000
Feb 21, 2023
$3,910,000
Apr 25, 2023
-
Sold
House
6
Beds
3
Baths
3,396 ft²
$1,001/ft²
$3,400,000
May 23, 2016
$3,400,000
Feb 17, 2017
-
Multifamily
6
Beds
4.5
Baths
3,250 ft²
$1,038/ft²
$3,375,000
Jun 16, 2016
$3,375,000
Jan 10, 2017
$780/mo
Active
Multifamily
6
Beds
3
Baths
4,200 ft²
$976/ft²
$4,100,000
Mar 6, 2024
-
$8,286/mo
Active
Townhouse
6
Beds
4
Baths
3,520 ft²
$1,065/ft²
$3,750,000
Mar 15, 2024
-
$1,715/mo
Active
Townhouse
6
Beds
4
Baths
3,340 ft²
$1,168/ft²
$3,900,000
Feb 22, 2023
-
$925/mo
In Contract
Multifamily
6
Beds
4
Baths
4,000 ft²
$1,075/ft²
$4,300,000
Sep 5, 2023
-
-
In Contract
Townhouse
5
Beds
3
Baths
3,528 ft²
$1,120/ft²
$3,950,000
Sep 26, 2023
-
$1,095/mo
In Contract
Townhouse
5
Beds
3
Baths
3,375 ft²
$1,333/ft²
$4,500,000
Nov 7, 2023
-
$1,691/mo