Mixed-Use Building in Park
295 7th Avenue, Brooklyn, NY 11215
Mixed-use building with retail and residential units in prime location.
Type:Mixed Use
Property size:
4,800 SFPrice / SF:
$958/SF- Added:
- May 9, 2026
- Days on Market:
- 18
- Last Refresh:
- May 12 at 10:25 pm
Property Features for 295 7th Avenue
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1921
Listing agent Chun Hung (Leo) Tse License #ct7740 (718) 210-2727
Listing office ProBase Real Estate (718) 210-2727
Listing date May 9, 2026
Source Compass
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HighLights
- Prime Park Slope location in the desirable 7th Avenue area.
- Mixed‑use property with ground‑floor retail and three residential units.
- Each residential unit features four bedrooms and two full bathrooms.
- Spacious apartments with large living rooms.
- Convenient access to shops, restaurants, schools, and public transportation.
- Building constructed of brick with brownstone exterior.
Overview
This is a mixed-use brick building located in the 7th Avenue area of Park Slope. The four-story building features a ground-floor retail store and three residential units above. Each apartment includes four bedrooms, two full bathrooms, and a large living room. The property is located near shops, restaurants, schools, and public transportation. The building has a total size of 4,800 square feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$2.56M
NOI $230,182 @ 9.00% cap · cautious / downside scenario
Moderate
$3.29M
NOI $230,182 @ 7.00% cap · market / base-case scenario
Aggressive
$4.60M
NOI $230,182 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $373.2k | $77.76 |
| − Vacancy | −$44.4k | −$9.25 |
| EGI | $328.8k | $68.51 |
| − OpEx | −$98.6k | −$20.55 |
| NOI | $230.2k | $47.95 |
4,800 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$3.29M
$2.88M – $3.84M
NOI $230,182 @ 7.0% cap · market cap 5.00%
Second Best
Mixed Use
$2.49M
$2.18M – $2.90M
NOI $174,240 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$3.97M
$3.48M – $4.64M
NOI $278,208 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
RX Land Acquisitions
Property Management Company
Brew Memories
Cafe & Coffee Shop
Park Slope Plumbing ...
General Contractor
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.980518
- Latitude
- 40.667747
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with retail and residential units in prime location.
Where is this mixed-use property located?
The property is located at 295 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Prime Park Slope location in the desirable 7th Avenue area.; Mixed‑use property with ground‑floor retail and three residential units.; Each residential unit features four bedrooms and two full bathrooms.
