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Mixed-Use

289 7th Avenue

289 7th Ave, Brooklyn, NY 11215

Listing Price: $3,750,000

Cap Rate
5.47%
Occupancy
100.0%
Price/Gross SF
$644.88
Gross SF
5,815

Investment Overview

Marcus and Millichap is proud to present 289 7th Avenue, a mixed-use building comprised of six one-bedroom apartments and one retail unit. The property is located on the corner of 7th Avenue and 7th Street in the Park Slope neighborhood of Brooklyn.

The subject property was built in 1921 and measures 21 feet wide by 80 feet deep on a lot that extends 80 feet deep. The properties are zoned R6A, C1-4 and located one block from the Prospect Avenue [ D, N, R] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Investment Highlights

  • Long-Term Family Owner First Time on Market in Over 40 Years
  • Reputable Retail Tenant – Purity Diner
  • Well Maintained Over Decades
  • New Electric Systems Installed Within Last Five Years
  • High Foot Traffic Retail Corridor – 7th Avenue Near New York Methodist Hospital
  • Proximity To Prospect Park
  • Repointed in 2023

Exclusively Listed By

Mixed-Use

289 7th Avenue

Listing Price: $3,750,000

Cap Rate
5.47%
Occupancy
100.0%
Price/Gross SF
$644.88
Gross SF
5,815

Investment Highlights

  • Long-Term Family Owner First Time on Market in Over 40 Years
  • Reputable Retail Tenant – Purity Diner
  • Well Maintained Over Decades
  • New Electric Systems Installed Within Last Five Years
  • High Foot Traffic Retail Corridor – 7th Avenue Near New York Methodist Hospital
  • Proximity To Prospect Park
  • Repointed in 2023

Investment Overview

Marcus and Millichap is proud to present 289 7th Avenue, a mixed-use building comprised of six one-bedroom apartments and one retail unit. The property is located on the corner of 7th Avenue and 7th Street in the Park Slope neighborhood of Brooklyn. The subject property was built in 1921 and measures 21 feet wide by 80 feet deep on a lot that extends 80 feet deep. The properties are zoned R6A, C1-4 and located one block from the Prospect Avenue [ D, N, R] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Exclusively Listed By

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