486 11th Street

Rare Opportunity to own a Prime Park Slope, mixed-use, 4 story, corner property on 7th Avenue/11th Street. This income-producing property consists of three apartments and one commercial retail store. Apartments consist of 2 bedrooms/1 bath plus a bonus room which can be used as a small bedroom, office, or dining area (Apartment #2 bonus room converted to a bedroom) Apartments have been completely renovated including granite countertops, tiled back splash, hardwood floors, dishwasher, and stainless steel appliance. The full basement is semi-finished with lots of storage and set up with a laundry area (not currently offered to tenants). This property has been well maintained by the owner; has updated electrics, new windows, a new layer of roofing, and has been converted to gas. The owner recently installed a state-of-the-art security system, renovated stoop, painted the outside, and common areas. El Milagro, the commercial unit, is a staple in the neighborhood and has been a tenant since 2017. Store currently has use of 1/2 of basement for storage. The 1st-floor apartment is owner-occupied and will be delivered vacant. The building is conveniently located to all transportation, schools, shops, restaurants, both Park Slope YMCAs, Prospect Park, and Methodist Hospital. This corner property has excellent vehicle and foot traffic. This building presents a unique opportunity for an end-user to live, work and collect rent simultaneously, or for an investor with a 5.3% CAP Rate (projected 5.6%) Contact me today for more information and to view.