274 7th Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11215
$22,500,000 USD
917-209-3528
274 7th Ave, Brooklyn, NY for Sale
$22,500,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

274 7th Ave
Brooklyn, NY 11215


HIGHLIGHTS

  • Huge value-add proposition penciling as 8+ cap rate.
  • Property boasts of brand new mechanicals (2-years old), New Roof (5-years old), Sand-blasted clean in 2024.
  • From the roof to the basement this property is immaculately maintained...an investors dream.

OVERVIEW

For the first time in generations 274 Seventh Ave in Park Slope Brooklyn is available for sale. The property is perfectly situated in the heart of Park Slope, in the midst of all the commerce on Seventh Ave, adjacent to NY Presbytarian Brooklyn Methodist Hospital, a block from the F and G subway station and in front of the B67 and B69 bus routes. The property features 2 AAA rated credit tenants, Bank of America and 5 Guys Burgers and a neighborhood favorite, La Bagel Delight, all very long term tenants. Many Methodist Hospital employees reside in the building and it's why the property never has vacancy's. The property sits 2-blocks from Brooklyn's jewel, Prospect Park!

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$2,320 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Property Top-Tier Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R6A

APN/PARCEL ID

00995-0043

ASK ABOUT THIS PROPERTY

Jeffrey BermanBerkshire Hathaway NY PropertiesMore Info
917-209-3528

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Jeffrey BermanBerkshire Hathaway NY PropertiesMore Info
917-209-3528

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.