$3,200,000
Updated 3 years ago
Off Market

383 Prospect Ave

South Slope, Brooklyn | 7th Ave & 8th Ave

3,750 Square FeetIncome Property

$3,200,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x50'
ZoneR5B
Building TypeHouse
RE Taxes$8,291
Price Per SF
$853

Property Description for 383 Prospect Ave

Introducing 383 Prospect Ave: a FREE-MARKET 6-Unit Residential Building in pristine condition, located between 7th Ave and 8th Ave in Park Slope Brooklyn! This prime investment opportunity is delivered fully occupied with fantastic income valued at a 5.4% Cap Rate. The property's current Tax class is 2A .Set on a 25' x 100' lot and the 3 story multifamily residence measures approximately 25' x 50' per floor. Each Unit is a floor-through renovated apartment that requires little to no immediate capital investment. Maximize the return on the investment by maintaining or increasing the current high cash flow! The apartments feature hardwood flooring, exposed brick, high ceilings, oversized windows. The building has coined laundry and individual storage spaces in the cellar all set up.

Located in the center of South Slope and convenience to the plethora of local boutique shops, restaurants and cafes. Easy access into Manhattan with the F and G train only two blocks away. Brooklyn most iconic Prospect Park is only steps away from your door. Not to mention the Barclays Center, the Brooklyn Public Library, Brooklyn Museum, and the Botanical Gardens all within close reach.

Listing History for 383 Prospect Ave

Now
05/10/2023
TOM by Chris Cavorti
Corcoran
2023

Building Details for 383 Prospect Ave

OwnershipIncome Property
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

15 St-Prospect Park
0.31 miles
7 Av
0.44 miles
Prospect Av
0.49 miles

Citi Bike

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

Contact Agents

Contact Agents

Evan Church
Corcoran
Marvin Chu
Corcoran
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: 89021TH