346 7th Avenue

Park Slope

$3,799,999
Price
Beds
4,680 Sq. Ft.
$812 / Sq. Ft.
4,680
Sq. Ft.
$812
per Sq. Ft.

Description

Calling All Investors: Exceptional High-Rental Income Opportunity! This is a large mixed-use investment property located in the heart of Park Slope, Brooklyn. Just minutes away from Prospect Park, the YMCA, and surrounded by a vibrant selection of restaurants, shops, cafes, and supermarkets, this property offers an outstanding opportunity for investors seeking high rental income in a prime area. Positioned on bustling 7th Avenue, between 9th and 10th Streets, this building is just minutes away from...Calling All Investors: Exceptional High-Rental Income Opportunity! This is a large mixed-use investment property located in the heart of Park Slope, Brooklyn. Just minutes away from Prospect Park, the YMCA, and surrounded by a vibrant selection of restaurants, shops, cafes, and supermarkets, this property offers an outstanding opportunity for investors seeking high rental income in a prime area. Positioned on bustling 7th Avenue, between 9th and 10th Streets, this building is just minutes away from the F and G subway lines at the 7th Avenue station, providing unparalleled convenience and accessibility. Built on a 19.5 ft x 80 ft lot and zoned R6A, C2-4, this property offers 4,680 square feet of income-generating space, including six rent-stabilized residential units and one commercial unit. The building footprint spans 19.5 ft x 60 ft, with each residential unit fully occupied. All units feature in-unit washers and dryers , hardwood floors, oversized windows, and decorative brick fireplaces, adding charm and modern appeal. The commercial space, currently occupied by a popular Sugaring Boutique , provides steady income in addition to the robust rental income from residential units. Fully occupied and income-producing, this property is a fantastic turnkey investment for anyone looking to establish or expand their portfolio in the highly desirable Park Slope neighborhood. With strong rental demand and a prime location, this is the perfect investment to secure both stability and growth. Schedule a viewing today to explore this incredible opportunity firsthand!
  1. Listed by ZaiYou (Joe) Zhu • RE/MAX Edge • Other

Amenities

  • Hardwood Floors
  • Oversized Windows
  • Walk Up
  • Dryer
  • Washer
  • Voice Intercom
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/14/2024 09:37 AM

Property Details for 346 7th Avenue

StatusActive
MLS ID487365
Days on Market3
Taxes$17,838 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeMixed Use
Year Built1921
Lot Size1,600 SF / 20' x 80'
CountyKings County

Building

346 7th Ave

6 Units4 StoriesBuilt in 1921

Virtual Tour

Building Information for 346 7th Avenue

Stories4Residences6Year Built1921Building Size19.5' x 60'Building Sq. Ft4,680 SFLot Size1,600 SF / 20' x 80'Building AgePre-warBuilding TypeTownhouse

Property Information for 346 7th Avenue

Summary
Location and General Information
  • Block: 1012
  • Number Of Stories: 1
  • Cross Street Name: 10th st
  • Zoning: R6A, C2-4
  • Roof: Other
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Other
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 17838.0
  • Gross Expense: 36308.0
  • Gross Income: $234,600.00
Virtual Tour
Property
Lot Information
  • Sq Ft Total: 4680
  • Yard: Other
  • Lot Number: 45
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Other
  • Hot Water: Other
  • Utility Expense: 1150.0
  • Fuel Expense: 6100.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Other
  • Commercial Features Interior: Other
  • Foundation Details: Other
  • Flooring: Other
  • Unit Count: 7
  • Lavatories: Other
  • Construction Materials: Other
  • Electric: Other
Exterior Features
  • Exterior: Other
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1170.0
  • Building Length: 60.0
  • Building Type: Attached
  • Building Width: 19.5
Unit 1
  • Unit Baths Full: 1
  • Unit Category: Store
  • Unit Floor: 1
  • Unit Rooms Total: 6
  • Unit Status: Unknown
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 2F
  • Unit Rooms Total: 5
  • Unit Status: Unknown
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 2R
  • Unit Rooms Total: true
  • Unit Status: Unknown
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 3F
  • Unit Rooms Total: true
  • Unit Status: Unknown
  • Unit Unit Type: 1 Bedroom
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 3R
  • Unit Rooms Total: true
  • Unit Status: Unknown
  • Unit Unit Type: 1 Bedroom
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 4F
  • Unit Rooms Total: true
  • Unit Status: Unknown
  • Unit Unit Type: 1 Bedroom
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 4R
  • Unit Rooms Total: true
  • Unit Status: Unknown
  • Unit Unit Type: 1 Bedroom
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 5500.0
  • Owner Occupied: No
  • Rent Income: 234600.0

Property History for 346 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 346 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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346 7th Avenue is a townhouse for sale in Park Slope. This property was listed for sale on November 11, 2024 by RE/MAX Edge, it's currently listed at $3,799,999. 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. 346 7th Avenue is a 0-bed, 0-bath, 4,680 sqft townhouse 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 RE/MAX Edge

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.