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Mixed-Use

396 6th Avenue

396 6th Ave, Brooklyn, NY 11215

Listing Price: $3,800,000

Cap Rate
4.02%
Number of Units
4
Occupancy
100.0%
Price/Unit
$950,000
Price/Gross SF
$1,055.56
Gross SF
3,600

Investment Overview

396 6th Avenue is a 3,600 SF three-story mixed-use building located on the corner of 6th Avenue and 7th Street in the Park Slope section of Brooklyn, NY. The property is built full on a 20 by 79-foot lot, zoned R6B.

Currently the building is fully occupied. A Mexican restaurant is leasing the ground ?oor commercial space. The 2nd ?oor is a large 2-bedroom 1-bath apartment with a private terrace and outdoor storage space. The 3rd ?oor is split into front and back 1-bedroom 1-bath apartments. Both top ?oor apartments have access to a rooftop terrace. There are 3 private parking garages behind the commercial space.

The subject property is located ?ve blocks from the 4th Avenue / 9th Street subway station, serviced by the F, G & R lines. 396 6th Avenue offers investors and developers the opportunity to purchase a strategically located mixed use building in the Park Slope neighborhood of Brooklyn. The property is not currently subject to any landmark designation.

Investment Highlights

  • Corner Three-Story 3,600 Square Foot Mixed-Use Building in Park Slope, Brooklyn
  • Park Slope Residential Rents Averaging $70 - $80 PSF, Condominium Prices Reaching$1,400 – $1,800 PSF and Retail Rents on 6th Avenue Averaging $65 - $75 PSF
  • 20 Feet of Frontage to the 6th Avenue Retail Corridor
  • Five Blocks from the 4th Avenue / 9th Street "F" "G" & "R" Train Station and Three Blocks from Prospect Park
  • Protected Tax Class 2A and Current Real Estate Taxes of $11,892
  • Zoned R6B

Exclusively Listed By

Financing By

Mixed-Use

396 6th Avenue

Listing Price: $3,800,000

Cap Rate
4.02%
Number of Units
4
Occupancy
100.0%
Price/Unit
$950,000
Price/Gross SF
$1,055.56
Gross SF
3,600

Investment Highlights

  • Corner Three-Story 3,600 Square Foot Mixed-Use Building in Park Slope, Brooklyn
  • Park Slope Residential Rents Averaging $70 - $80 PSF, Condominium Prices Reaching$1,400 – $1,800 PSF and Retail Rents on 6th Avenue Averaging $65 - $75 PSF
  • 20 Feet of Frontage to the 6th Avenue Retail Corridor
  • Five Blocks from the 4th Avenue / 9th Street "F" "G" & "R" Train Station and Three Blocks from Prospect Park
  • Protected Tax Class 2A and Current Real Estate Taxes of $11,892
  • Zoned R6B

Investment Overview

396 6th Avenue is a 3,600 SF three-story mixed-use building located on the corner of 6th Avenue and 7th Street in the Park Slope section of Brooklyn, NY. The property is built full on a 20 by 79-foot lot, zoned R6B. Currently the building is fully occupied. A Mexican restaurant is leasing the ground ?oor commercial space. The 2nd ?oor is a large 2-bedroom 1-bath apartment with a private terrace and outdoor storage space. The 3rd ?oor is split into front and back 1-bedroom 1-bath apartments. Both top ?oor apartments have access to a rooftop terrace. There are 3 private parking garages behind the commercial space. The subject property is located ?ve blocks from the 4th Avenue / 9th Street subway station, serviced by the F, G & R lines. 396 6th Avenue offers investors and developers the opportunity to purchase a strategically located mixed use building in the Park Slope neighborhood of Brooklyn. The property is not currently subject to any landmark designation.

Exclusively Listed By

Financing By

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