311 7th Ave 0

PRIME MIXED-USE BUILDING IN PARK SLOPE...located on 7th Avenue between 8th and 9th Streets on a main commercial corridor only two blocks from Prospect Park and half a block from the F,G subway lines. The four (4) story brownstone building currently consists of nine (9) rental units and one ground floor commercial space that is currently leased to a restaurant- Rice Thai Kitchen (a neighborhood favorite) that can be delivered vacant. Seven (7) of the nine (9) units will be delivered at free market rent. There is currently one (1) studio rent stabilized and one (1) studio rent controlled. The building has gone through extensive renovations to the interiors of the apartments. Additionally, a video intercom system has been installed.

Excellent investment opportunity as the building will generate $406K+ annually of income and the building will have a cap rate of over 6.4%. Call or e-mail for an appointment and building set-up.