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274 7th Ave

9,700 SF 100% Leased Retail Building Brooklyn, NY 11215 For Sale

Investment Highlights

  • Huge value-add proposition penciling as 8+ cap rate.
  • From the roof to the basement this property is immaculately maintained...an oinvestors dream.
  • Property boasts of brand new mechanicals (2-years old), New Roof (5-years old), Sand-blasted clean in 2024.

Executive Summary

First the first time in generations 274 Seventh Ave in Park Slope Brooklyn is available for sale. The property is perfectly situated in the heart of Park Slope, in the midst of all the commerce on Seventh Ave, adjacent to NY Presbytarian Brooklyn Methodist Hospital, a block from the F and G subway station and in front of the B67 and B69 bus routes. The property features 2 AAA rated credit tenants, Bank of America and 5 Guys Burgers and a neighborhood favorite, La Bagel Delight, all very long term tenants. Many Methodist Hospital employees reside in the building and it's why the property never has vacancy's. The property sits 2-blocks from Brooklyn's jewel, Prospect Park!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,700 SF
Building Class
C
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.01
Land Acres
0.22 AC
Zoning
R6A - R6A
Parking
6 Spaces (0.62 Spaces per 1,000 SF Leased)
Frontage
43 ft on 7th Ave.

Amenities

  • 24 Hour Access

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 4,000 SF
  • -
  • Modified Gross
  • Apr 2027

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving many million consumer and small business clients with retail financial centers, approximately ATMs (automated teller machines) and award-winning digital banking with millions verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

  • Accommodation and Food Services
  • 2,000 SF
  • -
  • Modified Gross
  • Dec 2027

Five Guys has been a Washington, DC area favorite since 1986 when Jerry and Janie Murrell offered sage advice to the four young Murrell brothers: "Start a business or go to college.” The business route won and the Murrell family opened a carry-out burger joint in Arlington Virginia. Under the guidance of Jerry and Janie the Murrell family served only hand-formed burgers cooked to perfection on a grill along with fresh-cut fries cooked in pure peanut oil.

  • Accommodation and Food Services
  • 2,000 SF
  • -
  • Modified Gross
  • Feb 2029

This is the original La Bagel of Park Slope. Family owned and operated. Stop in and try a "Mr. Bagel" or one of our signature sandwiches!

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 4,000 SF - Modified Gross Apr 2027
Accommodation and Food Services 2,000 SF - Modified Gross Dec 2027
Accommodation and Food Services 2,000 SF - Modified Gross Feb 2029
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Taim
Starbucks
Pokéworks
Just Salad
Cheeburger Cheeburger
Blue Bottle Coffee
Foodtown
Chase Bank
New York Sports Clubs
Citizens Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00995-0043
Land Assessment
$489,697 CAD
Improvements Assessment
$7,299,390 CAD
Total Assessment
$7,789,087 CAD
  • Listing ID: 33479501

  • Date on Market: 2024-10-10

  • Last Updated:

  • Address: 274 7th Ave, Brooklyn, NY 11215

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