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    289 7th Ave Brooklyn, NY 11215

    Sponsored
    For Sale
    $3,750,000

    A mixed-use building comprised of six one-bedroom apartments and one retail unit

    Property size:
    5,815 SF

    Description

    Added:
    May 7, 2025
    Days on Market:
    245
    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.

    Property Features for 289 7th Ave

    General Information

    Property type
    Other mixed-use properties
    Square Feet
    5,815 SF
    Elevators
    N/A
    Net Rentable
    5,815 SF
    Occupancy
    100%

    Building Details

    Year Built
    1921
    Buildings
    1
    Stories
    4

    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
    Location Intelligence

    Current Use by Public Records

    Purity Diner Diner

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    State
    New York
    Longitude
    -73.9898898
    Latitude
    40.6578588

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    FAQs

    What type of property is this?
    Mixed-use property - A mixed-use building comprised of six one-bedroom apartments and one retail unit
    Where is this mixed-use property located?
    The property is located at 289 7th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: 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
    (718) 475-4373
    Request Owner's contact information
    289 7th Ave Brooklyn, NY 11215
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    Brooklyn, NY 11215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    289 7th Ave Brooklyn, NY 11215
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