Listing Notes
Prime Park Slope Investment Opportunity Rare opportunity to acquire a beautiful limestone prewar building in the heart of Park Slope, ideally located between Prospect Park and New York-Presbyterian Brooklyn Methodist Hospital. The property features 15 residential units, consisting of 13 free-market apartments and 2 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and building has been well maintained with tenants in good standing. **Financials available on request** Apartments are currently 10-15% below market rents, offering clear upside for investors. Key Highlights: - 15-unit limestone prewar building - 12 free market / 3 rent stabilized units - Updated kitchens with stone counters & renovated baths - Ultra-prime Park Slope location - Apartments ~10-15% below market - Cap Rate: 5 - Assumable $6.4M interest-only loan at 5.6% with 1 year remaining A rare chance to acquire a well-maintained asset in one of Brooklyn's most sought-after neighborhoods.
Price in context
Cheaper than 17% of the 18 homes listed nearby right now, which run $4,250,000 to $8,500,000.
See all 18 nearby listings
| Address | Asking | Size |
|---|---|---|
| 879 Union St | $4,250,000 | 7 bd · 6 ba |
| 741 President St | $4,350,000 | 4 bd · 4 ba |
| 362A 6th Ave | $4,495,000 | 5 bd · 5 ba |
| 509 3rd St | $4,500,000 | 4 bd · 2 ba |
| 457 6th St | $4,650,000 | 6 bd · 4 ba |
| 397 5th Ave | $4,650,000 | 8 bd · 6 ba |
| 383 10th St | $4,995,000 | 3 bd · 4 ba |
| 608 2nd St | $5,200,000 | 5 bd · 4 ba |
| 125 8th Ave | $5,700,000 | 9 bd · 9 ba |
| 836 President St | $5,950,000 | 7 bd · 3 ba |
| 524 11th St | $5,995,000 | 5 bd · 7 ba |
| 265 6th Ave | $6,000,000 | 4 bd · 3 ba |
| 603 5th St | $6,250,000 | 5 bd · 5.5 ba |
| 548 2nd St | $6,450,000 | 5 bd · 3 ba |
| 548 2nd St | $6,450,000 | 5 bd · 3 ba |
| 857 Carroll St | $7,500,000 | 5 bd |
| 176 Prospect Park W | $8,000,000 | 9 ba |
| 236 6th Ave | $8,500,000 | 10 bd · 7 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more