$7,299,000
Updated 2 days ago
Off Market

566 7th Street

Park Slope, Brooklyn | Park Ave & Myrtle Ave

16 Baths10,636 Square FeetIncome Property

$7,299,000
floors / apts4 / 15
Lot Size40'x100'
Built Size40'x85'
ZoneR7B
Building TypeLow-Rise
RE Taxes$138,898
Price Per SF
$686

Building Amenities

  • Voice Intercom

Property Description for 566 7th Street

Prime Park Slope Investment Opportunity Rare opportunity to acquire a beautiful limestone prewar building in the heart of Park Slope, ideally located between Prospect Park and New York-Presbyterian Brooklyn Methodist Hospital. The property features 15 residential units, consisting of 13 free-market apartments and 2 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and building has been well maintained with tenants in good standing. **Financials available on request** Apartments are currently 10-15% below market rents, offering clear upside for investors. Key Highlights: • 15-unit limestone prewar building • 12 free market / 3 rent stabilized units • Updated kitchens with stone counters & renovated baths • Ultra-prime Park Slope location • Apartments ~10-15% below market • Cap Rate: 5 • Assumable $6.4M interest-only loan at 5.6% with 1 year remaining A rare chance to acquire a well-maintained asset in one of Brooklyn's most sought-after neighborhoods.

Listing History for 566 7th Street

Now
08/21/2026
POM by Vincent Salino
Wolf Properties, Inc.
07/06/2026
$7,299,000 [-$200,000] [2.7%]
Price Drop by Vincent Salino
Wolf Properties, Inc.

Building Details for 566 7th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts4/15
Learn More About the Building

Transit and Citi Bike

Subway

7 Av
0.15 miles
15 St-Prospect Park
0.42 miles

Citi Bike

Prospect Park West & 8 St
0.1 miles
6 St & 7 Ave
0.21 miles

Contact Agent

Contact Agent

Vincent Salino
Wolf Properties, Inc.

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: 105141TH