494 7th Street - Setup

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494 7th Street Park Slope, Brooklyn, NY LEGAL THREE UNIT WALK-UP MULTIFAMILY Preliminary Plans for 400 SF Extension FOR SALE Building Features Location

South side of 7th Street between 7th-8th Avenues.

Block & Lot

1088 / 17

Lot Size

19.46' x 100'

(Approx.)

Lot SF

1,946

(Approx.)

Zoning

R6B

FAR

2.0

Building Size

19.46' x 58'

Stories

3

Building SF

3,386

Units

3

Buildable SF

3,892

Assessment ('16/'17)

$37,977

R.E. Taxes ('16/'17)

$7,592

(Approx.)

(Approx.)

(Approx.)

Property Description The subject property is a three-story vacant three unit walk-up multifamily building located on the south side of 7th Street between 7th-8th Avenues. Plans have been submitted to the NYC DOB for full gut renovation of existing property; plans account for adding veridical penthouse extensions of approximately 400 SF with roof deck as well as lower level recreational space with rear yard dig out for garden access at rear level. Public transportation is available within three F G trains at 7th Avenue Station, offering short blocks to the ---convenient access to Long Island City, Williamsburg, Downtown Brooklyn and Manhattan within 15-20 minutes. The property presents a fantastic opportunity for a developer or investor to invest in one of Brooklyn’s most sought after areas, and to meet already existing neighborhood demand for luxury apartments.

ASKING PRICE

$2,975,000

For More Information, Please Contact:

DJ Johnston, Director (718) 307-6515 [email protected]

Winfield Clifford, Senior Director (718) 606-7054 [email protected]

William Cheng, Director (718) 606-7037 [email protected]

William Barrett, Senior Associate (718) 606-7047 [email protected]

Bryan Kirk, Associate (718) 307-6516 [email protected]

Joshua Sabzevari, Associate (718) 307-6521 [email protected]

CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 nyinvestmentsales.com

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

494 7th Street Park Slope, Brooklyn, NY Building Layout (Per Plans) Unit

Type

Gross SF

Ground Floor

2 BR + Rec

1,500

Second Floor

2 BR

1,129

Third Floor / Penthouse

3 BR

1,500

Total 494 7th Street

4,129 F G

2 3

B Q

R

2 3 F G

2 3

F G R

F G

R

B Q S

F G

R

ASKING PRICE: $2,975,000

CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 nyinvestmentsales.com

For More Information, Please Contact:

DJ Johnston, Director (718) 307-6515 [email protected]

Winfield Clifford, Senior Director (718) 606-7054 [email protected]

William Cheng, Director (718) 606-7037 [email protected]

William Barrett, Senior Associate (718) 606-7047 [email protected]

Bryan Kirk, Associate (718) 307-6516 [email protected]

Joshua Sabzevari, Associate (718) 307-6521 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

494 7th Street Park Slope, Brooklyn, NY

For More Information, Please Contact:

CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 nyinvestmentsales.com

DJ Johnston, Director (718) 307-6515 [email protected]

Winfield Clifford, Senior Director (718) 606-7054 [email protected]

William Cheng, Director (718) 606-7037 [email protected]

William Barrett, Senior Associate (718) 606-7047 [email protected]

Bryan Kirk, Associate (718) 307-6516 [email protected]

Joshua Sabzevari, Associate (718) 307-6521 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

494 7th Street Park Slope, Brooklyn, NY

For More Information, Please Contact:

CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 nyinvestmentsales.com

DJ Johnston, Director (718) 307-6515 [email protected]

Winfield Clifford, Senior Director (718) 606-7054 [email protected]

William Cheng, Director (718) 606-7037 [email protected]

William Barrett, Senior Associate (718) 606-7047 [email protected]

Bryan Kirk, Associate (718) 307-6516 [email protected]

Joshua Sabzevari, Associate (718) 307-6521 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.