566 7th Street, Brooklyn, New York, 11215
$7,299,000
0
Beds
Bathrooms
0
Building Sqft
0.09
Acres
4,000
Lot Sqft
About 566 7th Street
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.
Features of 566 7th Street
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