558 11th Street
558 11th Street
Park Slope
For Sale: 23-Unit Multifamily Property Steps Away from Prospect Park
Asking Pricing | $5,700,000 |
---|---|
Type | Multifamily |
Neighborhood | Park Slope |
Properties | 1 |
Lot Size | 5,000 SF |
Zoning Code | R6b, C1-4 |
Size | 13,280 SF |
Stories | 4 |
Units | 23 Units |
Air Rights | None |
Investment Highlights:
Team Hess of Meridian Investment Sales is pleased to present the Exclusive Offering for 558 11th Street, a multifamily building with a total of 23 apartments in prime Park Slope – just three blocks away from the F & G train at the Seventh Avenue subway station and only a block away from renowned Prospect Park. The property is situated on 11th Street between 7th Avenue and 8th Avenue. Park Slope is one of the most desirable residential and commercial locations in not only Brooklyn, but all of New York City.
This a rare opportunity for an investor to buy a property that has been owned by the same family for 38 years. The offering presents a significant amount of upside in the rental income as 12 of the 23 apartments are free-market and have significantly below market rents. The asset has been consistently maintained and upgraded minimizing long-term deferred maintenance for future ownership.