419 7th Ave

Avison Young, as the exclusive agent, is pleased to offer for sale 419 7th Avenue (the “Property”), a 5-story, mixed-use elevator building with 127’ of wraparound frontage located on the northeast corner of 7th Avenue between 13th Street and 14th Street in Park Slope. The Property spans approximately 10,713 ± square feet and consists of nine (9) residential units over two (2) retail units. Of the residential units, all nine (9) are free market. The unit mix consists of seven (7) 2BD/1BA, one (1) 1BD/1BA, and one (1) 2BD/1BA penthouse with a roof deck. No detail was spared in the 2007 construction of the building. Every residential unit features a washer/dryer, crown molding throughout the apartment, custom cedar closets with pull-out oak drawers, hardwood floors with walnut trim, exposed brick, full-size dishwashers, and private or shared outdoor space in seven (7) out of nine (9) residential units. In 2020, ownership invested over $1.5 million in capital improvements, including comprehensive waterproofing, new brick repointing, new skylights, new roofing, renovated terraces, and a rebuilt parapet wall. The building has no history of rent stabilization or rent regulation and was previously converted from a commercial building. The in-line retail space on 7th Avenue features high ceilings, extensive windows, and an accessible ADA ramp. The space is currently vacant and has already been duplexed with a large basement space encompassing a total of 1,800 SF. The corner space is also vacant and features frontage on both 7th Avenue and 14th Street and is roughly 250 SF. Located just three blocks from Prospect Park and the 15th Street–Prospect Park Subway Station (servicing the F and G trains), 419 7th Avenue offers exceptional convenience with quick access to both Downtown Brooklyn and Manhattan. The nearby R train at Prospect Avenue Station also provides additional connectivity across the city. 419 7th Avenue offers investors a true value-add opportunity that is fully free market and has tangible upside in one of Brooklyn’s most supply-constrained and highly sought-after neighborhoods. Tours are by private appointment only