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Multifamily

216 Prospect Park West

216 Prospect Park West, Brooklyn, NY 11215

Listing Price: $3,000,000

Cap Rate
3.69%
Occupancy
3.0%

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 216 Prospect Park West, a three story mixed-use building comprised of 2 apartments and one retail unit. The property is located on Prospect Park West between 16th Street & Windsor Place in the Park Slope neighborhood of Brooklyn. The subject property was built in 1921 and measures 20 feet wide by 55 feet deep on a lot that extends 75 feet deep. The property is zoned R5B, C2-4 and is located within steps of the 15th Street - Prospect Park "F" and "G" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Investment Highlights

  • Premium location of Park Slope
  • Uniquely stable liquor store retail tenant with minimal competition
  • Actual upside in the 2 unrenovated apartments

Exclusively Listed By

Listing Price: $3,000,000

Cap Rate
3.69%
Occupancy
3.0%

Investment Highlights

  • Premium location of Park Slope
  • Uniquely stable liquor store retail tenant with minimal competition
  • Actual upside in the 2 unrenovated apartments

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 216 Prospect Park West, a three story mixed-use building comprised of 2 apartments and one retail unit. The property is located on Prospect Park West between 16th Street & Windsor Place in the Park Slope neighborhood of Brooklyn. The subject property was built in 1921 and measures 20 feet wide by 55 feet deep on a lot that extends 75 feet deep. The property is zoned R5B, C2-4 and is located within steps of the 15th Street - Prospect Park "F" and "G" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Exclusively Listed By

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