Landmarked Brownstone
69 7th Avenue Brooklyn, NY 11217
69 7th Avenue, Brooklyn, NY, 11217
$3,498,000
For Sale
$3,498,000
Landmarked brownstone with two residential two-bedroom units, two commercial storefront units, and an on-site spa.
Property Size3,984 SF
Price / SF$878.01
Days on Market470
Property Features for 69 7th Avenue
General Information
- Standard status
- Active
- Size
- 3,984 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1899
Listing agency
Douglas Elliman Real Estate
(973) 449-9004
Listed by
Raymond Roopnarine · License #10401213384
(973) 449-9004
Source
Compass
Added: Apr 9, 2025 Updated: Jul 22 at 8:39AM Checked: Jul 22 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This landmarked brownstone offers a mixed-use layout with two free-market residential two-bedroom units and two commercial units. The storefront includes basement storage, and the storefront has been extended to the rear. The second floor features a spa.
The third and fourth floors each provide a two-bedroom home with original details and renovated kitchens with windows.
The property provides a configuration that can support either owner-occupancy with rental income from the remaining units or an income-focused purchase along a retail corridor.
The third and fourth floors each provide a two-bedroom home with original details and renovated kitchens with windows.
The property provides a configuration that can support either owner-occupancy with rental income from the remaining units or an income-focused purchase along a retail corridor.
Key Highlights
- Landmarked brownstone on Seventh Ave between Berkley and Lincoln Place in Park Slope, built in 1899
- 2 residential units (2BR each) plus 2 commercial storefront units for a 4‑unit mixed‑use setup
- Basement included with basement storage and a fireplace (1 total) with bedroom and decorative features
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $309.8k | $77.76 |
| − Vacancy | −$36.9k | −$9.25 |
| EGI | $272.9k | $68.51 |
| − OpEx | −$81.9k | −$20.55 |
| NOI | $191.1k | $47.95 |
3,984 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.73M
$2.39M – $3.18M
NOI $191,051 @ 7.0% cap · market cap 5.46%
Second Best
Mixed Use
$2.07M
$1.81M – $2.41M
NOI $144,619 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$3.30M
$2.89M – $3.85M
NOI $230,913 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brooklyn High Low, ...
Restaurant
The Parlour, Brooklyn High ...
Restaurant
Frajean Salon and Spa
Spa & Massage Center
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FAQs
What type of property is this?
Mixed-use property - Landmarked brownstone with two residential two-bedroom units, two commercial storefront units, and an on-site spa.
Where is this mixed-use property located?
The property is located at 69 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,498,000.
What are key features of this property?
This property features: Landmarked brownstone on Seventh Ave between Berkley and Lincoln Place in Park Slope, built in 1899; 2 residential units (2BR each) plus 2 commercial storefront units for a 4‑unit mixed‑use setup; Basement included with basement storage and a fireplace (1 total) with bedroom and decorative features
