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    346 7Th Ave Brooklyn, NY 11215

    Sponsored
    For Sale
    $39,999,999

    High-rental income, prime Brooklyn location.

    Property size:
    1,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 346 7th Avenue, Brooklyn, NY 11215, presents a compelling investment opportunity. Located in the heart of Park Slope, this five-story building boasts 4,680 square feet of income-generating space situated on a 1,600 square foot lot (19.5 ft x 80 ft). The property is zoned R6A, C2-4 and includes six rent-stabilized residential units and one commercial unit, all currently occupied, providing immediate cash flow. Each residential unit features modern amenities such as in-unit washers and dryers, hardwood floors, oversized windows, and decorative brick fireplaces. The commercial space is currently leased to a thriving Sugaring Boutique. The building's prime location on 7th Avenue, between 9th and 10th Streets, offers unparalleled convenience with proximity to Prospect Park, the YMCA, numerous shops and restaurants, and the F and G subway lines. This turnkey investment is ideal for those seeking strong rental demand and significant growth potential in a highly desirable Brooklyn neighborhood. The asking price is $39,999,999. The building footprint is 19.5 ft x 60 ft.

    Property Features for 346 7Th Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,680 SF

    Building Details

    Stories
    5

    HighLights

    • Exceptional mixed‑use investment opportunity in Park Slope, Brooklyn.
    • Five‑story building (4,680 sq ft) on a 1,600 sq ft lot (19.5 ft x 80 ft), zoned R6A, C2‑4.
    • Six rent‑stabilized residential units and one commercial unit (Sugaring Boutique), all currently occupied.
    • Residential units feature modern amenities (in‑unit laundry, hardwood floors, oversized windows, fireplaces).
    • Prime 7th Avenue location (between 9th & 10th Streets), near Prospect Park, subway, and amenities.
    • Asking price: $39,999,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    IL BIANCO NAILS ... Waxing Hair Removal Service Western Union Money Transfer Service New Vision Group ... Real Estate Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9821774
    Latitude
    40.6665481

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    FAQs

    What type of property is this?
    Mixed-use property - High-rental income, prime Brooklyn location.
    Where is this mixed-use property located?
    The property is located at 346 7Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $39,999,999.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Park Slope, Brooklyn.; Five-story building (4,680 sq ft) on a 1,600 sq ft lot (19.5 ft x 80 ft), zoned R6A, C2-4.; Six rent-stabilized residential units and one commercial unit (Sugaring Boutique), all currently occupied.
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    346 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
    346 7Th Ave Brooklyn, NY 11215
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