550 7th Street
550 7th Street located in the Prime Park Slope section of Brooklyn, NY, between 8th Avenue & Prospect Park West, is a 4-story apartment building that consists of 8 residential units. The property is built 40′ x 85.5′ and sits on a 40′ x 100′ lot with a total of 10,636 square feet. (Block: 1089 Lot: 11)
There are 3 free market apartments, 4 rent stabilized apartments and 1 Rent Controlled Unit. The building is equipped with an updated gas boiler and separate hot water heater as well as new electric service. This property offers investors an extremely rare opportunity to purchase a large 8 apartment building in good condition with a very low average rent in one of Brooklyn’s most popular neighborhoods.