$5,539,050
Updated 9 years ago
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311 7th Ave

Park Slope, Brooklyn | 8th Street & 9th Street

5,984 Square FeetIncome Property

$5,539,050
floors / apts4 / 9
Lot Size25'x90'8"
Built Size25'x65'
ZoneR6A
Building TypeTownhouse
Price Per SF
$926

Building Amenities

  • Voice Intercom

Property Description for 311 7th Ave

> PRIME MIXED-USE BUILDING IN PARK SLOPE...located on 7th Avenue between 8th and 9th Streets on a main commercial corridor only two blocks from Prospect Park and half a block from the F,G subway lines. > The four (4) story brownstone building currently consists of nine (9) rental units and one ground floor commercial space that is leased to a restaurant- Rice Thai Kitchen (a neighborhood favorite). > Seven (7) of the nine (9) units can be delivered de-regulated and many can be delivered vacant if preferred by the end user. > The building has gone through extensive renovations to the interiors of the apartments, in addition to a video intercom being installed and converting the building to gas from #2 oil. > Excellent investment opportunity as the building will generate $325K+ annually of income and the building will have a cap rate of over 5%. > Call or e-mail for an appointment and building set-up.

Building Details for 311 7th Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1921
Floors/Apts4/9
Learn More About the Building

Transit and Citi Bike

Subway

7 Av
0.07 miles
4 Av-9 St
0.46 miles
15 St-Prospect Park
0.48 miles

Citi Bike

10 St & 7 Ave
0.09 miles
6 St & 7 Ave
0.11 miles

Contact Agents

Contact Agents

Sang Kwon
Douglas Elliman
John Gomes
Douglas Elliman

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: 51997TH