566 7th

566 7th, Brooklyn, NY 11215

Property Information

  • For Sale $7,299,000
  • Property Type Multi-Family
  • Lot Size 0.09 Acre
  • Cap Rate % 0.07
  • NOI / YR $523,598.02
  • Taxes / YR $122,211.27
  • Date Updated Oct 28, 2026

Description

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.

Contacts

Location

Located at 566 7th, Brooklyn, NY 11215, this property is part of the Park Slope neighborhood and Brooklyn market.

Contact Listing Broker
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