Courtesy of: Vincent E. Salino, Wolf Properties Inc, vsalino@wolfprop.com
Courtesy of: Vincent E. Salino, Wolf Properties Inc, vsalino@wolfprop.com
$7,499,000
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16.00 Bath (16 Full)
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Lot: 0.09 Acres
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Single Family Attached
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$7,499,000
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 11 free-market apartments and 4 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and the building has been well maintained with tenants in good standing. Apartments are currently 10–15% below market rents, offering clear upside for investors. Key Highlights: • 15-unit limestone prewar building • 11 free market / 4 rent stabilized units • Updated kitchens with stone counters & renovated baths • Ultra-prime Park Slope location • Apartments ~10–15% below market • 6.9% cap rate • 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.
Courtesy of: Vincent E. Salino, Wolf Properties Inc, vsalino@wolfprop.com
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