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179 7th Ave 5,864 SF Vacant Retail Building Brooklyn, NY 11215 $2,900,000 ($494.54/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- AAA location
- High foot traffic
- 25' frontage
- Easy access to public transportation
EXECUTIVE SUMMARY
Prime investment opportunity.
Mixed use building with large restaurant (approx. 1400 sf) plus 6 residential units (1-2 bedroom).
Located on 7th Avenue between 1st Street and 2nd Street.
7th Avenue is a well established commercial and residential street in the heart of historic Park Slope.
Park Slope is a highly desirable, high income, downtown Brooklyn neighborhood.
5 rent stabilized units and 1 free market. The store is currently a restaurant.
Mixed use building with large restaurant (approx. 1400 sf) plus 6 residential units (1-2 bedroom).
Located on 7th Avenue between 1st Street and 2nd Street.
7th Avenue is a well established commercial and residential street in the heart of historic Park Slope.
Park Slope is a highly desirable, high income, downtown Brooklyn neighborhood.
5 rent stabilized units and 1 free market. The store is currently a restaurant.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,864 SF
Building Class
C
Year Built
1920
Price
$2,900,000
Price Per SF
$494.54
Cap Rate
6.80%
NOI
$197,200
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.24
Lot Size
0.06 AC
Zoning
R6A - A contextual district where the Quality Housing bulk regulations are mandatory.
Frontage
25’ on 7th Ave
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01076-0005 | Improvements Assessment | $1,786,500 |
| Land Assessment | $19,800 | Total Assessment | $1,806,300 |
PROPERTY TAXES
Parcel Number
01076-0005
Land Assessment
$19,800
Improvements Assessment
$1,786,500
Total Assessment
$1,806,300
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Presented by
Townsley & Gay LLC
179 7th Ave
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