Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,765,000

· Closed August 28, 2018

490A 7th Avenue
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Closed For Sale Multi Family

$2,765,000

490A 7th Avenue

Park Slope, Brooklyn

MLS® #RLS10055521

RLS at REBNY

Listing by The Corcoran Group

9

Bedrooms

4

Baths

N/A

Sq. Ft.

1899

Year Built

Quick Summary

Bedrooms 9
Bathrooms 4
Year Built 1899
Neighborhood Park Slope

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1899)

Property Details

Type Multi Family
Total Rooms 14
Baths null Full
Pets Yes
Year Built 1899
Architectural Style Prewar

Description

Vacant lower 2BR 2bath duplex, two upper 2BR 1bath floor-throughs with leases at $3375 and $3275 per month. Email us for full income and expense projections. Impeccably renovated Park Slope Three Family: two income-producing 2.5BR apartments over a duplex 2.5BR 2bath with yard and radiant floor heat on the lower level. All units have in-unit laundry, balconies, high-end finishes, split system heat and A-C. Stunning common roof deck, views of Manhattan and Statue of Liberty. Building was gutted and completely remodeled in 2012, all systems completely replaced. Move in or rent out these ready to go apartment immediately for a great return. With a projected rent roll of approx $134,000, projected NOI approx $125K, and projected cap rate approx 4.5% this property is perfect for investors from 1031 exchanges to a first time buyer looking for a finished, easy, ready-to-go investment. Building is 17.67x45.1ft on four floors - approx 3200sf gross, with approx 2400sf completely above grade and 800sf lower level on grade with the backyard and below grade at street.

Building Information

Total Units 3
Style Prewar

Park Slope is a well-known Brooklyn neighborhood, recognized for its tree-lined streets and preserved brownstones. Bordering the western edge of Prospect Park, the neighborhood offers convenient access to green space. The real estate market features a mix of historic townhouses, cooperatives, and modern condominiums, within walking distance of the park.

Park Slope Live Market Data

View Neighborhood

Active Listings

81

Median Asking Price

$1.75M

Median $/Sqft

$1,440

Avg Days on Market

N/A

New This Week

12

Price Reduced

12%

Sold (30 Days)

22

Median Sale Price

$1.67M

Live data from RLS at REBNY • Updated 3/23/26, 11:08 AM EST

Recently Sold in Park Slope

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Location

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490A 7th Avenue, Park Slope, Kings County

Floor Plans

Floor Plan
MLS® ID: RLS10055521
First Listed: 5/1/2018
Price Changed: 6/27/2018
Closed: 8/28/2018
Contract Date: 5/1/2018

Listing Courtesy of The Corcoran Group - Michael Hartman

Listing Contact: (310) 766-3909

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/23/2026 at 3:08 PM UTC

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