$6,875,000
Updated 8 years ago
Off Market

550 7th Street

Park Slope, Brooklyn | Prospect Park West & 8th Ave

10,636 Square FeetRental Property

$6,875,000
floors / apts4 / 8
Lot Size40'x100'
Built Size40'x85'
ZoneR7B
Building TypeTownhouse
RE Taxes$23,589
Price Per SF
$646

Building Amenities

  • Voice Intercom

Property Description for 550 7th Street

> The subject property is a four-­story walk up building located on the south side of 7th Street between 8th Avenue and Prospect Park West in the Park Slope neighborhood of Brooklyn. > The building contains eight(8), three (3) bedroom units and measures 10,636 square feet. > The units are oriented left/right with a center staircase from the basement to the roof. > The unit mix consists of four (4) free market units, three (3)rent-­stabilized units, and one (1) rent-­controlled unit. > Apartments 1R(duplex), 2R, and 3R along with the common areas were all recently renovated. > Additionally, there are eight (8) walk-­in storage units in the basement, two of which are currently leased and one free unit that was given as a concession. > The building runs on gas heat and the units are separately metered for electric service.550 7th Street is located in the heart of the Park Slope Historic District and just one block from the 7th Avenue -9th Street subway station(F,G). > Additionally, the building is in close proximity to numerous Citi Bike stations as well as the B67 and B69 bus routes. > The property is ideally situated one block from Prospect Park and many of the neighborhood's main attractions which include: Colson Patisserie, Blue Bottle Coffee, Juice Press, Starbucks, Bank of America, Verizon,Chase Bank, New York Methodist Hospital, Chipotle, Bareburger, Pinkberry, Union Market, Park Slope Food Co-­Op, Al Di La, Rose Water, and so much more. > 550 7th Street is the premier multifamily opportunity in Park Slope.

Listing History for 550 7th Street

Now
02/22/2018
POM by Winfield Clifford
Cushman & Wakefield
2018

Building Details for 550 7th Street

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

7 Av
0.13 miles
15 St-Prospect Park
0.44 miles

Citi Bike

Prospect Park West & 8 St
0.13 miles
6 St & 7 Ave
0.18 miles

Contact Agents

Contact Agents

Winfield Clifford
Cushman & Wakefield
William Barrett
Cushman & Wakefield

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: 70925TH