Active

346 7th Avenue

Brooklyn NY, 11215

$3,799,999


$811.97 per sqft

Active

4,680 sqft

Multi-family

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!

487365

MLSⓇ ID

November 11, 2024

Listed

January 7, 2025

Updated

Map

346 7th Avenue
Brooklyn NY, 11215

Interior Features

Total Stories

5


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.04 Acres

Other Property Details

Area Name

Brooklyn


Taxes

$17,838


Tax Frequency

Annually


Days on Market

57


Garage

No


View

No


County

Kings


Pool

No


Zoning

R6A, C2-4

Listing History

Date

Event

Price

1/7/2025

Price change

$3,799,999

4%

12/9/2024

Price change

$3,650,000

-2%

11/22/2024

Price change

$3,699,999

-3%

11/14/2024

Price change

$3,799,999

-6%

11/11/2024

Price change

$3,999,999

-1%

Listed by ZaiYou (Joe) Zhu with RE/MAX Edge
Listing Contact: 7186123088 

Based on information from Brooklyn Board of REALTORS®. Data last updated 1/7/2025. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Parkview Terrace Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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