Overview

  • Asking Price $7,100,000
  • Square Footage 10,713
  • Neighborhood Park Slope
  • Total Units 11

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 120’ 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 and a cell tower on the roof. 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.

Highlights

100% Free Market with no history of rent stabilization

One (1) vacant residential unit and eight (8) other units on month-to-month leases

Two (2) vacant retail units that allow for immediate repositing

Prime Park Slope corner location, two blocks from Prospect Park
Currently classified as Tax Class 2; eligible for 2B reclassification in 2026/27

Additional Cell Tower income stream which could also be sold off to blend down a buyer’s basis

Washer/dryers in all nine (9) residential units

Private or semi-private outdoor space in seven (7) of nine (9) units

Location Map

Team

Miles Davis-Bosch

Miles Davis-Bosch

Senior Associate
Avison Young
Fritz Richter

Fritz Richter

Director
Avison Young - US - NY - New York
Patrick Madigan

Patrick Madigan

Director
Avison Young - US - NY - New York
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York