407 7Th Ave, Brooklyn, NY 11215
This exceptional 2,446 square foot commercial lot in Park Slope, Brooklyn, is offered at $99,000. Located on a high-traffic 7th Avenue thoroughfare, this property presents a unique investment opportunity. Currently housing a thriving, established beauty salon with a 4.9-star Google rating and a substantial client base of 2,500, the 600 square foot building includes four hair stations, manicure/pedicure stations, a wash station, a private room, and a restroom. All equipment, furniture, and products are included in the sale price. The salon boasts a strong positive cash flow and operates under a two-year lease with a renewal option. The property's prime location offers easy access to public transportation, ensuring continued high visibility and accessibility. This is an ideal opportunity for an investor seeking a turnkey business or a developer looking to capitalize on a desirable Park Slope location. The lot size is 2,446 square feet. The building's ceiling height is not specified.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.