566 7th Street Brooklyn NY 11215 MLS #499623

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 11 free-market apartments and 4 rent-stabilized units, providing strong in-place income with long-term upside. All apartments feature updated kitchens with stone countertops and renovated bathrooms, and the building has been well maintained with tenants in good standing.
Apartments are currently 10–15% below market rents, offering clear upside for investors.
Key Highlights:
• 15-unit limestone prewar building
• 11 free market / 4 rent stabilized units
• Updated kitchens with stone counters &#38' renovated baths
• Ultra-prime Park Slope location
• Apartments ~10–15% below market
• 6.9% cap rate
• 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.