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388 Prospect Ave 5 Unit Apartment Building $3,200,000 ($640,000/Unit) Brooklyn, NY 11215
INVESTMENT HIGHLIGHTS
- Property taxes: $7,137 (Tax Class 2A) Building size: 25 feet by 60 feet Three stories plus a finished basement Equipped with fire escapes and sprinkle
EXECUTIVE SUMMARY
Schuckman Realty Inc. and Slope Realty is pleased to exclusively list 388 Prospect Ave, a semi-detached, vacant five-unit apartment building located between 6th and 7th Avenue in Park Slope. The property has been used as a shelter and operated by a nonprofit since 1984. It is in excellent condition, featuring a finished basement and a sprinkler system. located in the vibrant Park Slope neighborhood of Brooklyn. This area offers a mix of historic brownstones, modern residences, and a strong sense of community. The property benefits from proximity to Prospect Park, diverse dining options, and convenient access to public transportation, including the F, G, and R subway lines. The surrounding streets are lined with local cafes, boutiques, and essential amenities, making it a highly desirable location.
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $640,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,308 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 0% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1931/1986 |
| Property Subtype | Apartment | ||
| Zoning | R5B - High Density Residential | ||
| Price | $3,200,000 |
| Price Per Unit | $640,000 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.05 AC |
| Building Size | 4,308 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1931/1986 |
| Zoning | R5B - High Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Public Transportation
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 00869-0018 | Improvements Assessment | $769,950 |
| Land Assessment | $27,000 | Total Assessment | $796,950 |
PROPERTY TAXES
Parcel Number
00869-0018
Land Assessment
$27,000
Improvements Assessment
$769,950
Total Assessment
$796,950
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388 Prospect Ave
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