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702-704 Eighth Ave
Brooklyn, NY 11215 Park Slope

$10,500,000 USD

Apartments For Sale • 13,531 SF

Property Details

Property Type Apartments
Total Building Size 13,531 SF
Lot Size 0.09 AC
Building Class C
Year Built 1920
Cap Rate 6.18 %
Zoning R7B

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                Turnkey Park Slope Corner Trophy: Renovated 15-Unit 13,531 SF Mixed-use Building with Free Market Units and Medical Retail 
                            
                                Prime corner Park Slope building directly across from New York Presbyterian Hospital with over 130' of frontage on 7th Street & 8th Avenue 
                            
                                Mostly free market units ranging from 1 beds to 4 beds & have all undergone full gut renovations including HVAC split units & electric washer & dryer
                            
                                The property includes 13 residential units (9 free market and 4 rent stabilized) and 2 medical retail tenants (Podiatrist and Orthopedics)
                            
                                Full gut renovations on multiple residential units with new leveled flooring, panel-ready kitchens with stainless steel appliances
                            
                                new bathroom tiling and fixtures, split-system HVAC, recessed lighting, and new doors/hardware, building-wide electrical upgrade

Property Flyers

704 8th Avenue OM (Park Slope)

Cap Rate:

6.18 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Progressive Podiatry

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	1.6 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	8 min	-	2.4 mi
Transit/Subway	Drive	Walk	Distance
7 Avenue (F,G Line) (F - New York MTA Subway (The Subway))	2 min	3 min	0.2 mi
15 Street-Prospect Park (F - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
4 Avenue-9 Street (D,M,N,R Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	4 min	13 min	0.7 mi
4 Avenue-9 Street (F,G Line) (F - New York MTA Subway (The Subway))	3 min	16 min	0.8 mi
Union Street (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	4 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
LaGuardia	24 min	-	11.6 mi
John F Kennedy International	26 min	-	14.0 mi
Newark Liberty International	30 min	-	17.0 mi

Luke Sproviero 718-360-8803 Investment Property Realty Group

702-704 Eighth Ave Brooklyn, NY 11215 Park Slope