Boro Park Real Estate

566 7th Street, Park Slope, NY 11215

[Park Slope Real Estate, listing number 3333724]
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Description: 3333724
   Prime Park Slope Investment Opportunity Rare opportunity to acquire a beautiful limestone prewar building in the heart of Park Slope, ideally located between Prospect Park and New York-Presbyterian Brooklyn Methodist Hospital. The property features 15 residential units, consisting of 13 free-market apartments and 2 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and building has been well maintained with tenants in good standing. *Financials available on request* Apartments are currently 10â??15% below market rents, offering clear upside for investors. Key Highlights: â?¢ 15-unit limestone prewar building â?¢ 12 free market / 3 rent stabilized units â?¢ Updated kitchens with stone counters & renovated baths â?¢ Ultra-prime Park Slope location â?¢ Apartments ~10â??15% below market â?¢ Cap Rate: 5 â?¢ Assumable $6.4M interest-only loan at 5.6% with 1 year remaining A rare chance to acquire a well-maintained asset in one of Brooklynâ??s most sought-after neighborhoods.

Details:
   Families: 15
   Property Type: Multi-Family

Financials:
   Price: $7,299,000

 

Wolf Properties Inc.
Vincent Salino
Office: 718-382-9653

email: vsalino@wolfprop.com
provided by Brooklyn Bd of Realtors