387 7th Ave | Brooklyn, NY 11215
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- LoopNet Team
387 7th Ave
Brooklyn, NY 11215
MIXED-USE RETAIL/RESIDENTIAL PROPERTY · Retail Property For Sale
Investment Highlights
- Prime Location: Situated in the highly desirable Park Slope commercial corridor on 7th Avenue, with high foot and vehicular traffic.
- Ground-Level Retail Space: High-visibility storefront with storage, bathroom, and backyard access, ideal for a variety of businesses.
- Development Potential: R6A and C2-4 zoning allows for redevelopment or expansion, catering to growing demand for commercial and residential space.
- Value-Add Opportunity: Entire building can be delivered vacant, offering flexibility for repositioning, renovation, or re-tenanting both retail and re
- Steady Rental Income: Two one-bedroom apartments above the retail space providing consistent rental income, with potential for increased returns
- Public Transit Accessibility: Convenient access to public transportation, enhancing appeal for tenants and customers alike.
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,800 SF
Building Class
C
Year Built
1885
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.91
Lot Size
0.03 AC
Zoning
R6A, C2-4 - R6A is a medium-density residential zone with up to 3.0 FAR, while C2-4 allows neighborhood-serving commercial uses on the ground floor with 2.0 FAR.
Frontage
20’ on 7th Ave
Amenities
- Signage
- Storage Space
- Smoke Detector
Property Taxes
| Parcel Number | 01096-0002 | Improvements Assessment | $251,520 |
| Land Assessment | $24,600 | Total Assessment | $276,120 |
Property Taxes
Parcel Number
01096-0002
Land Assessment
$24,600
Improvements Assessment
$251,520
Total Assessment
$276,120
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