295 7th Avenue

Park Slope

$4,780,000
Price
12
Beds
6
Baths
4,800 Sq. Ft.
$996 / Sq. Ft.
4,800
Sq. Ft.
$996
per Sq. Ft.

Description

Attention all savvy investors! This is your chance to seize a truly exceptional opportunity in the heart of Park Slope, Brooklyn. Introducing an attached Mixed-Use property that's a true gem waiting to be claimed! Located in a prime high-traffic area, this property boasts the perfect blend of commercial and residential potential. The main floor is a versatile 1 commercial space, ideal for a range of businesses. Above it, you'll find three family units, each generously offering 4 bedrooms and 2 full...Attention all savvy investors! This is your chance to seize a truly exceptional opportunity in the heart of Park Slope, Brooklyn. Introducing an attached Mixed-Use property that's a true gem waiting to be claimed! Located in a prime high-traffic area, this property boasts the perfect blend of commercial and residential potential. The main floor is a versatile 1 commercial space, ideal for a range of businesses. Above it, you'll find three family units, each generously offering 4 bedrooms and 2 full baths, making it perfect for families or young professionals seeking a vibrant urban lifestyle. The location couldn't be more perfect, with easy access to transportation, an array of restaurants, trendy shops, and the added luxury of being within a short distance of the iconic Prospect Park. Don't miss this golden opportunity to diversify your investment portfolio!
  1. Listed by XiaoBing (Icy) Zhang • Momentum Real Estate LLC
  2. Listed by Yu Xiao (Mary) Wu • Momentum Real Estate LLC

Amenities

  • Walk Up
  • Laundry in Building
  • Voice Intercom
  • Parking Included
  • Lowrise
  • Range
LISTING UPDATED: 11/17/2024 12:34 PM

Property Details for 295 7th Avenue

StatusActive
MLS ID486772
Days on Market34
Taxes$56,850 / year
Maintenance-
Min. Down Pymt-
Total Rooms21.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1921
Lot Size1,574 SF / 20' x 80'
CountyKings County

Building

295 7th Ave

3 Units4 StoriesBuilt in 1921

Building Information for 295 7th Avenue

Stories4Residences3Year Built1921Lot Size1,574 SF / 20' x 80'Building Age-Building TypeLowrise

Property Information for 295 7th Avenue

Summary
Location and General Information
  • Block: 1088
  • Number Of Stories: 1
  • Cross Street Name: 7th St
  • Cross Street Name: 8th St
  • Zoning: R6A
  • Roof: Flat
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 56850.0
Property
Lot Information
  • Sq Ft Total: 4800
  • Yard: Other
  • Lot Number: 3
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 1200.0
  • Fuel Expense: 4200.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Other
  • Commercial Features Interior: Other
  • Foundation Details: Poured Concrete, Other
  • Flooring: Hardwood
  • Unit Count: 4
  • Lavatories: 1
  • Construction Materials: Brick
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1200.0
  • Building Length: 60.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 9300.0
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Restaurant
Unit 2
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 4
  • Unit Category: Apt
  • Unit Current Rent: 4900.0
  • Unit Floor: Unit 1
  • Unit Projected Rent: 5300.0
  • Unit Rooms Total: 7
  • Unit Status: Month-to-Month
  • Unit Unit Type: 4+ Bedrooms
Unit 3
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 4
  • Unit Category: Apt
  • Unit Floor: Unit 2
  • Unit Projected Rent: 5300.00
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 4+ Bedrooms
Unit 4
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 4
  • Unit Category: Apt
  • Unit Current Rent: 3700.0
  • Unit Floor: Unit 3
  • Unit Projected Rent: 5300.00
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 4+ Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 5000.0
  • Owner Occupied: No

Property History for 295 7th Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 295 7th Avenue

Taxable ValueLand$351,900Additions$790,200Total$1,142,100
Home Facts
Total Finished SqFt4,800 SqFtLot Size1,600 SqFtYear Built1921ZoningR6AAPN3010880003

Schools near 295 7th Avenue

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 39 Henry Bristow
PublicK to 5

Park Slope Collegiate
Public6 to 12

John Jay School for Law
Public9 to 12

Millennium Brooklyn High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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295 7th Avenue is a mixed use property for sale in Park Slope. This property was listed for sale on October 14, 2024 by Momentum Real Estate LLC, it's currently listed at $4,780,000. It has been on the market for a total of 34 days and was last sold on December 20, 2018. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 39 Henry Bristow, Park Slope Collegiate and John Jay School for Law. 295 7th Avenue is a 12-bed, 6-bath, 4,800 sqft mixed use property built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Momentum Real Estate LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.