387 7th Ave, Brooklyn, NY 11215

This mixed-use investment property on 7th Avenue in Park Slope, Brooklyn, offers an exceptional opportunity in one of the borough's most sought-after commercial corridors. The property features a ground-level retail space, ideally positioned for high visibility and exposure, with significant foot and vehicular traffic along 7th Avenue. The wide street frontage further enhances visibility, making this a prime location for thriving businesses. The storefront also includes a storage area and a bathroom adjacent to it, adding to its functionality. Additionally, the retail space provides direct access to the backyard, offering additional flexibility for business operations. Below the retail space, the property features a basement that includes an office area and an electrical room, further expanding its utility and offering potential for additional business operations or storage. Above the retail space are two spacious one-bedroom, one-bathroom apartments that provide steady rental income, with the potential for increased returns through strategic updates or renovations. The first apartment features a foyer, living room, office area, bedroom, kitchen, and bathroom, while the second apartment offers a room, bedroom, living room, family room, kitchen, and bathroom. There is flexibility with the current tenants. The retail store has been a long-term tenant for over 34 years, while the residential tenants have been there for approximately 20 years. All tenants can be retained if desired. Measuring 19.5 x 50 feet, the building offers ample potential for future development. With R6A and C2-4 zoning, the property provides options for redevelopment or expansion, catering to the increasing demand for commercial and residential space in this highly desirable Brooklyn neighborhood. Its accessibility via public transit further enhances its appeal for both tenants and customers. Park Slope remains a dynamic and highly sought-after market for real estate investment, driven by strong demand for both commercial and residential properties. This property presents a rare opportunity to acquire a value-add asset with immediate income potential while also offering long-term upside through renovation or redevelopment. Whether you are looking for steady rental income or a strategic investment in a rapidly growing area, this property is an excellent opportunity to capitalize on Brooklyn's thriving real estate market. The property's residential FAR is 3, facility FAR is 3, and FAR as built is 2.78, with a maximum usable floor area of 4,095 sq. ft., a current usable floor area of 3,795 sq. ft., and an unused FAR of 300 sq. ft. Don't miss this rare opportunity to invest in Park Slope's thriving commercial corridor and secure a high-potential asset in one of Brooklyn's most in-demand neighborhoods.