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Mixed-Use Property Top-Tier Retail 274 7th Ave 29 Unit Apartment Building $18,700,000 ($644,828/Unit) 6% Cap Rate Brooklyn, NY 11215
INVESTMENT HIGHLIGHTS
- Huge value-add proposition penciling as 8+ cap rate.
- From the roof to the basement this property is immaculately maintained...an investors dream.
- Property boasts of brand new mechanicals (2-years old), New Roof (5-years old), Sand-blasted clean in 2024.
EXECUTIVE SUMMARY
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 vacancies. The property sits 2-blocks from Brooklyn's jewel, Prospect Park!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,969,142
|
$75.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,969,142
|
$75.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
$863,193
|
$33.20
|
| Total Expenses |
$863,193
|
$33.20
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,969,142 |
| Annual Per SF | $75.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,969,142 |
| Annual Per SF | $75.74 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $863,193 |
| Annual Per SF | $33.20 |
| Total Expenses | |
|---|---|
| Annual | $863,193 |
| Annual Per SF | $33.20 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $18,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $644,828 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6% | Building Size | 26,000 SF |
| No. Units | 29 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R6A - Medium density residential district | ||
| Price | $18,700,000 |
| Price Per Unit | $644,828 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 26,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R6A - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 00995-0043 | Improvements Assessment | $4,968,450 (2025) |
| Land Assessment | $349,200 (2025) | Total Assessment | $5,317,650 (2025) |
PROPERTY TAXES
Parcel Number
00995-0043
Land Assessment
$349,200 (2025)
Improvements Assessment
$4,968,450 (2025)
Total Assessment
$5,317,650 (2025)
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Mixed-Use Property Top-Tier Retail | 274 7th Ave
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