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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

MLS® #
499623
Acres
0.09
Type
Residential
Price
$7,299,000
Sub-Type
Multi-Family

Community Information

Address
566 7th Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11215

Listing Information

Agent Name
Vincent E. Salino
Agent Office
Wolf Properties Inc

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(718) 987-7900