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475 6th Ave 3 Unit Apartment Building $4,350,000 ($1,450,000/Unit) 5.70% Cap Rate Brooklyn, NY 11215
EXECUTIVE SUMMARY
• Building Overview
475 6th Avenue is a fully free-market mixed-use building located on one of Park Slope’s most established and trafficked corridors, just steps from Prospect Park, the f + g subway lines, and the neighborhood’s best retail, dining, and lifestyle amenities. This stretch of 6th Avenue consistently attracts both strong residential demand and durable commercial tenancy.
The residential units have been gut renovated with high- end finishes, featuring modern layouts, updated kitchens and bathrooms, in-unit laundry, and strong light throughout. The level of finish positions the apartments at the top of the Park Slope rental market and minimizes near-term capital needs for a new owner. The property is 100% Free Market.
• Park Slope | Brooklyn
Park Slope is widely regarded as one of Brooklyn’s most distinguished neighborhoods, celebrated for its picturesque, tree-lined streets, grand brownstones, and elegant prewar architecture. The neighborhood offers a refined yet welcoming residential atmosphere, with a strong sense of community woven throughout its blocks. Along 5th and 7th Avenues, residents enjoy a dynamic mix of boutique retail, destination dining, neighborhood cafés, and everyday conveniences, creating an active streetscape that complements the area’s classic charm.
Families are especially drawn to Park Slope for its exceptional educational options. The neighborhood is home to several highly regarded public schools, including P.S. 321,
consistently ranked among the top elementary schools in New York City, as well as access to esteemed private institutions such as Berkeley Carroll, St. Saviour, and Poly Prep
nearby. Directly adjacent to Prospect Park, residents benefit from one of the city’s most treasured green spaces, offering miles of walking paths, athletic fields, playgrounds,
and year-round recreation for all ages.
With multiple subway lines providing seamless access to Downtown Brooklyn and Manhattan, Park Slope combines connectivity with an unmatched quality of life. Its walkability, cultural amenities, and enduring residential appeal continue to attract families, professionals, and long-term residents alike, solidifying its reputation as one of Brooklyn’s most desirable neighborhoods.
• Desirable Location
Park Slope stands as one of Brooklyn’s most coveted residential enclaves, blending historic elegance with a vibrant, family-oriented lifestyle. Defined by its stately brownstones,
wide avenues, and immediate proximity to Prospect Park, the neighborhood offers a rare balance of tranquility and urban energy. Strong retail corridors along 5th and 7th
Avenues anchor the community, while limited housing supply and sustained demand support consistently high rents and long-term value. For investors and buyers alike, Park
Slope represents a premier Brooklyn market characterized by stability, resilience, and enduring appeal.
475 6th Avenue is a fully free-market mixed-use building located on one of Park Slope’s most established and trafficked corridors, just steps from Prospect Park, the f + g subway lines, and the neighborhood’s best retail, dining, and lifestyle amenities. This stretch of 6th Avenue consistently attracts both strong residential demand and durable commercial tenancy.
The residential units have been gut renovated with high- end finishes, featuring modern layouts, updated kitchens and bathrooms, in-unit laundry, and strong light throughout. The level of finish positions the apartments at the top of the Park Slope rental market and minimizes near-term capital needs for a new owner. The property is 100% Free Market.
• Park Slope | Brooklyn
Park Slope is widely regarded as one of Brooklyn’s most distinguished neighborhoods, celebrated for its picturesque, tree-lined streets, grand brownstones, and elegant prewar architecture. The neighborhood offers a refined yet welcoming residential atmosphere, with a strong sense of community woven throughout its blocks. Along 5th and 7th Avenues, residents enjoy a dynamic mix of boutique retail, destination dining, neighborhood cafés, and everyday conveniences, creating an active streetscape that complements the area’s classic charm.
Families are especially drawn to Park Slope for its exceptional educational options. The neighborhood is home to several highly regarded public schools, including P.S. 321,
consistently ranked among the top elementary schools in New York City, as well as access to esteemed private institutions such as Berkeley Carroll, St. Saviour, and Poly Prep
nearby. Directly adjacent to Prospect Park, residents benefit from one of the city’s most treasured green spaces, offering miles of walking paths, athletic fields, playgrounds,
and year-round recreation for all ages.
With multiple subway lines providing seamless access to Downtown Brooklyn and Manhattan, Park Slope combines connectivity with an unmatched quality of life. Its walkability, cultural amenities, and enduring residential appeal continue to attract families, professionals, and long-term residents alike, solidifying its reputation as one of Brooklyn’s most desirable neighborhoods.
• Desirable Location
Park Slope stands as one of Brooklyn’s most coveted residential enclaves, blending historic elegance with a vibrant, family-oriented lifestyle. Defined by its stately brownstones,
wide avenues, and immediate proximity to Prospect Park, the neighborhood offers a rare balance of tranquility and urban energy. Strong retail corridors along 5th and 7th
Avenues anchor the community, while limited housing supply and sustained demand support consistently high rents and long-term value. For investors and buyers alike, Park
Slope represents a premier Brooklyn market characterized by stability, resilience, and enduring appeal.
PROPERTY FACTS
| Price | $4,350,000 | Property Subtype | Apartment |
| Price Per Unit | $1,450,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.70% | Lot Size | 0.03 AC |
| Gross Rent Multiplier | 15.2 | Building Size | 3,875 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1901 |
| Zoning | R6B - A medium-density residential district preserving traditional neighborhoods with four-story rowhouses and small apartment buildings, featuring a 2.0 Floor Area Ratio (FAR), 50-foot height limit (or 55 ft with quality housing), and mandatory Quality Housing | ||
| Price | $4,350,000 |
| Price Per Unit | $1,450,000 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Gross Rent Multiplier | 15.2 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 3,875 SF |
| No. Stories | 3 |
| Year Built | 1901 |
| Zoning | R6B - A medium-density residential district preserving traditional neighborhoods with four-story rowhouses and small apartment buildings, featuring a 2.0 Floor Area Ratio (FAR), 50-foot height limit (or 55 ft with quality housing), and mandatory Quality Housing |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | - | 1,200 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 01018-0086 | Improvements Assessment | $767,700 |
| Land Assessment | $321,300 | Total Assessment | $1,089,000 |
PROPERTY TAXES
Parcel Number
01018-0086
Land Assessment
$321,300
Improvements Assessment
$767,700
Total Assessment
$1,089,000
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