Current Use by Public Records
- IL BIANCO NAILS & SUGARING BOUTIQUE / Spa & Massage Center / Skin Care Clinic
- Western Union / Bank / Credit Union
- New Vision Group Realty / Real Estate Agency
Property Details for 346 7Th Ave
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings (Brooklyn)
- State
- New York
- Longitude
- -73.9822
- Latitude
- 40.6665
