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486 11th Street
Park Slope, Brooklyn | 6th Ave & 7th Ave
16.5 Rooms7 Beds3.5 Baths3,780 Square FeetMixed Use
$3,500,000
$3,500,000
Updated 5 years ago
Sold

486 11th Street

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

16.5 Rooms7 Beds3.5 Baths3,780 Square FeetMixed Use

$3,500,000
floors / apts4 / 3
Lot Size22'x42'8"
ZoneR6A
Building TypeLow-Rise
RE Taxes$10,288
Price Per SF
$926

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 property on 7th Avenue/11th Street. This income-producing property consists of three apartments and one commercial retail store. Apartments consist of 2 bedrooms/1 bath plus a bonus room which can be used as a small bedroom, office, or dining area (Apartment #2 bonus room converted to a bedroom) Apartments have been completely renovated including granite countertops, tiled back splash, hardwood floors, dishwasher, and stainless steel appliance. The full basement is semi-finished with lots of storage and set up with a laundry area (not currently offered to tenants). This property has been well maintained by the 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, renovated stoop, painted the outside, and common areas. El Milagro, the commercial unit, is a staple in the neighborhood and has been a tenant since 2017. Store currently has use of 1/2 of basement for storage. The 1st-floor apartment is owner-occupied and will be delivered vacant. The building is conveniently located to all transportation, schools, shops, restaurants, both Park Slope YMCAs, Prospect Park, and Methodist Hospital. This corner property has excellent vehicle and foot traffic. This building presents a unique opportunity for an end-user to live, work and collect rent simultaneously, or for an investor with a 5.3% CAP Rate (projected 5.6%) Contact me today for more information and to view.

Listing History for 486 11th Street

Now
10/13/2021
Sold and Closed by Linda Leon
Corcoran
06/24/2021
Contract Signed by Linda Leon
Corcoran
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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). 

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The MEDIAN

Manhattan | August 2022

According to New York City records, the median price for an apartment in Manhattan in the month of August 2022 was $1,175,000 The price represents an increase of 9.6% from last year’s median price of $1,072,500. The number of sales increased from 1308 to 1,546 representing a year-over-year increase of 18%. What exactly does $1.17...

posted on October 23, 2022
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
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