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566 7th Street

New York NY 11215

16
4000 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Prime Park Slope Investment Opportunity Rare opportunity to acquire a beautiful limestone prewar building in the heart of Park Slope, ideally located between Prospect Park and New York-Presbyterian Brooklyn Methodist Hospital. The property features 15 residential units, consisting of 11 free-market apartments and 4 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and the building has been well maintained with tenants in good standing. Apartments are currently 10–15% below market rents, offering clear upside for investors. Key Highlights: • 15-unit limestone prewar building • 11 free market / 4 rent stabilized units • Updated kitchens with stone counters & renovated baths • Ultra-prime Park Slope location • Apartments ~10–15% below market • 6.9% cap rate • Assumable $6.4M interest-only loan at 5.6% with 1 year remaining A rare chance to acquire a well-maintained asset in one of Brooklyn’s most sought-after neighborhoods.

Features

16 bathrooms
4000 sq. ft. lot size
Multi-Family

Happy sellers in New York

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We have insufficient information to provide an overview of customer satisfaction for New York. Viewing the agent profiles, reviews and sales for New York can provide insights for this location.

Local market activity for multi families in New York

In the last 12 months, 15 multi families similar to 566 7th Street, have been sold.

This represents a 23% increase in multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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