Park Slope Multifamily Investment
For Sale
Contact for pricing
Pending
566 7th St, Brooklyn, NY 11215
Prewar building with 15 units near Prospect Park.
Property SizeContact for details
Days on Market169
Property Features for 566 7th St
General Information
Standard status
Pending
Property subtype
Multifamily
Building Details
Units
15
Listing Agency:
Wolf Properties Inc
(718) 382-9653
Listed By:
Frank Lupi · License #New York49LU1164095
Source:
Crexi
Added: Mar 17
Changed: Aug 22
Last Checked: Aug 31 at 2:17PM
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 Wolf Properties Inc
Investment Insights
Based on property information with market context.
This is a prewar limestone building located in Park Slope, situated between Prospect Park and NewYork-Presbyterian Brooklyn Methodist Hospital. The property comprises 15 residential units, including 11 free-market apartments and 4 rent-stabilized units. The apartments feature updated kitchens with stone countertops and renovated bathrooms. The building has been well maintained, and the tenants are in good standing. The apartments are currently rented at rates 10-15% below market value.
Key Highlights
- Prime Park Slope location near Prospect Park and NewYork‑Presbyterian Brooklyn Methodist Hospital.
- Strong in‑place income from 15 residential units (11 free‑market, 4 rent‑stabilized).
- Significant upside potential with apartments currently 10‑15% below market rents.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Prewar building with 15 units near Prospect Park.
Where is this apartment building located?
The property is located at 566 7th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,299,000.
What are key features of this property?
This property features: Prime Park Slope location near Prospect Park and NewYork‑Presbyterian Brooklyn Methodist Hospital.; Strong in‑place income from 15 residential units (11 free‑market, 4 rent‑stabilized).; Significant upside potential with apartments currently 10‑15% below market rents.
