Description
Rare Generational Opportunity – First Time Offered in Over 50 Years
Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the area’s most desirable residential settings.
The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals.
The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location.
Offering Memorandum available upon request. Listing courtesy of Compass
Property Details
- Multi Family
Amenities
- High Ceilings
- Pets: Building No, No
The Neighborhood
Park Slope, with its tree-lined streets and immaculate brownstones, has a small-town feel and social cohesion that’s unusual in the city.
It’s a place where activities for children are unending, shopkeepers know their customers and people stop in the street to chat. Even as the park-side homes are buffed to a high polish, the area still offers a variety of experience: There are scores of restaurants and bars; a diverse retail sector; multiple Farmer’s Markets, including Grand Army Plaza’s; and Prospect Park with its fantastic bandshell, baseball fields, zoo, botanic ... read more
