$3,700,000
Updated 5 years ago
Off Market

486 11th Street

Park Slope, Brooklyn | 6th Ave & 7th Ave

5 Rooms2 Beds1 Bath3,780 Square FeetMixed Use

$3,700,000
floors / apts4 / 3
Lot Size22'x42'8"
ZoneR6A
Building TypeLow-Rise
RE Taxes$10,288
Price Per SF
$979

Building Amenities

  • Voice Intercom
  • Alarm System
  • Bike Storage
  • Laundry Room
  • Roof Deck

Property Description for 486 11th Street

Rare Opportunity to own a Prime Park Slope, mixed use, 4 story corner building on 7th Avenue/11th Street. This income producing property consists of three apartments and one commercial retail store. All apartments consist of 2 bedrooms/1 Bath plus a bonus room which can be used as a small bedroom, office or dining area. All apartments have been completely renovated including granite counter tops, wood floors, dishwashers and windows. The common areas and the outside of the building were recently painted. The entire building, inside and out, was installed with a security system. 1st floor apartment, owner occupied, will be delivered vacant. El Milagro, the commercial unit, is a staple in the neighborhood and has been a tenant since 2017. The full basement is semi finished with lots of storage. This property has been well maintained by owner; has updated electrics, new windows, a new layer of roofing, and has been converted to gas. The owner recently installed a state of the art security system and painted the outside and common areas. Conveniently located to transportation, schools, shops, restaurants, both Park Slope YMCA's, Prospect Park and Methodist Hospital. This corner property has excellent vehicle and foot traffic. R-6A zoned with a current 5.2 % Cap Rate (projected 5.5%). This building is an investors dream, contact me today for more information and to view.

Listing History for 486 11th Street

Now
06/02/2021
POM by Linda Leon
Corcoran
05/18/2021
$3,600,000
Initial Price by Linda Leon
Corcoran

Building Details for 486 11th Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

7 Av
0.13 miles
15 St-Prospect Park
0.4 miles
4 Av-9 St
0.46 miles

Citi Bike

10 St & 7 Ave
0.05 miles
14 St & 7 Ave
0.15 miles

Contact Agent

Contact Agent

Linda Leon
Corcoran

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: 78730TH