289 - 291 7th Avenue Retail FOR SALE


Brooklyn, NY - Park Slope
$8,500,000 USD
718-475-4341
, Brooklyn, NY for Sale
$8,500,000 USD
Retail - FOR SALE
1/25
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289 - 291 7th Avenue
Brooklyn, NY
Park Slope


HIGHLIGHTS

  • • Park Slope 2 Building Package | Can Be Sold Separately
  • • 291 7th Avenue Has a Brand-New Boiler as of January 2025
  • • Purity Diner and Greentree Pharmacy as Commercial Tenants
  • • Both Buildings Repointed in 2023
  • • Both Buildings Upgraded with New Electrical Service Within Past 5 Years
  • • Many Renovated Units Between the 2 Buildings

OVERVIEW

The Brennan Team of Marcus & Millichap has been exclusively engaged to represent ownership in the sale of 289 & 291 7th Avenue, two adjacent four-story brownstone mixed-use buildings in the Park Slope section of Brooklyn, New York. The subject properties are comprised of 11 apartments and 2 commercial spaces on the ground floor. The buildings are located on the corner of 7th Avenue and 7th Street in an excellent location of Park Slope and are both zoned R6A, C1-4. 289 7th Avenue was built in 1921 and measures approximately 21 feet wide by 80 feet deep on the ground floor and 21 feet by 61 feet on floors two, three, and four. Total square footage not including the basement is approximately 5,815 square feet. The property is comprised of 6 one-bedroom apartments and a reputable retail tenant in Purity Diner. 291 7th Avenue was built in 1921 and measures approximately 19.67 feet wide by 60 feet deep on a lot that extends 80 feet deep. The property is comprised of one floor-through 3-bedroom apartment on the top floor and four 1-bedroom apartments. Total square footage is approximately 4,720 square feet. The properties have been exceptionally well-managed for decades by the same owner who will entertain selling the buildings separately, or in a package. The two properties offer a new purchaser significant future rental upside and appreciation potential, in a prime location across the street from New York Presbyterian Brooklyn Methodist Hospital.

ASK ABOUT THIS PROPERTY

Bryan EllisMarcus & MillichapMore Info
718-475-4341

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Bryan EllisMarcus & MillichapMore Info
718-475-4341

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