$2,632,500
Updated 8 years ago
Sold

490A 7th Ave

Park Slope, Brooklyn | 16th Street & Prospect Ave

14 Rooms9 Beds4 Baths3,200 Square FeetMulti-Family

$2,632,500
floors / apts3 / 3
Lot Size17'x100'
Built Size17'x40'
Building TypeTownhouse
RE Taxes$3,256
Price Per SF
$823

This property was sold for $2,632,500 on 08/27/18.

Outdoor space and views

  • Backyard
  • Balcony
  • Statue of Liberty

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description for 490A 7th Ave

Vacant lower 2BR 2bath duplex, two upper 2BR 1bath floor-throughs with leases at $3375 and $3275 per month. Email us for full income and expense projections. Impeccably renovated Park Slope Three Family: two income-producing 2.5BR apartments over a duplex 2.5BR 2bath with yard and radiant floor heat on the lower level. All units have in-unit laundry, balconies, high-end finishes, split system heat and A-C. Stunning common roof deck, views of Manhattan and Statue of Liberty. Building was gutted and completely remodeled in 2012, all systems completely replaced. Move in or rent out these ready to go apartment immediately for a great return. With a projected rent roll of approx $134,000, projected NOI approx $125K, and projected cap rate approx 4.5% this property is perfect for investors from 1031 exchanges to a first time buyer looking for a finished, easy, ready-to-go investment. Building is 17.67x45.1ft on four floors - approx 3200sf gross, with approx 2400sf completely above grade and 800sf lower level on grade with the backyard and below grade at street.

Listing History for 490A 7th Ave

Now
08/27/2018
$2,632,500
Sold and Closed by Michael Hartman
Corcoran
07/23/2018
Contract Signed by Michael Hartman
Corcoran

Building Details for 490A 7th Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

15 St-Prospect Park
0.35 miles
7 Av
0.42 miles
Prospect Av
0.44 miles

Citi Bike

7 Ave & 17 St
0.08 miles
Windsor Pl & 8 Ave
0.16 miles

Contact Agents

Contact Agents

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 72917TH