Description

First showing 12:30pm Sunday Welcome to, 488 7th Avenue, a brick Multi-Family Townhouse in Park Slope, Brooklyn. Built in 1920, offering a perfect blend of historic charm and modern updates, this income-generating four-story property sits on a 1,767 sqft lot. This turn-key property spans 2,772 sqft, over four floors, 14 rooms and 4 full baths, offering flexible layouts with a variety of possible configurations including combining the units to create one majestic single-family home. This highly sought after South Slope location is nestled in-between Park Slope, Windsor Terrace and Greenwood Heights, just blocks from Brooklyn's famous Prospect Park. Prospect Park similar to Central Park, with scenic trails, a lake and a zoo, is a 526-acre oasis for running, cycling, horseback riding, boating, fishing, soccer, baseball, basketball, tennis, ice skating, roller skating, children's playgrounds, and kids' sports activities plus ample picnic/BBQ area,. With abundant year-round activities, from sports to outdoor recreation, properties bordering the park are continuously in demand. The protected rental income is upwards of $14K. You're also minutes to Green Wood, also a National Historic Landmark, a 478-acre green space hosting 7,000 trees. Other than greenery and tree-lined streets, Park Slope is know for it's vibrant mix of boutique local businesses, the Park Slope Food Coop, great coffee shop's and it's plethora of Michelin-quality restaurants. Too many to mention here, our favourites include: Little Honey, Winner Cafe, LORE, Fonda, Couleur Cafe, Al Di L , Faust and Pasta Louise. The building is conveniently located, you have two local trains: F to Manhattan and the G for other Brooklyn hotspots plus seamless connectivity via the BQE and CitiBike. The property features preserved New-Grec marble fireplaces, and tin ceilings with substantial updates including: HVAC AC units installed throughout, in-unit washer/dryer added to both units, new dishwasher, new flooring, update electrical and plumbing, basement build-out, updated roof and the addition of two new Hot Water Heaters. There's a lot to take in, let's recap: 2,772 sqft, two separate units, one with a private back yard, comprising 14 Rooms total (#1 is 5 rooms, and #2 is 9 rooms) and 4 Full Baths (2 for each unit) your opportunity awaits! Contact us today to find out more or take a closer look.
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Building Features 3 Floors1 Units

intercom

Unit Features

fireplace

$2,850,000 / $1,028 per ft²

Listed on Mar 20, 2025

22 Days on Market

6 Beds / 4 Baths - / 2,772 ft²

Total Monthly expenses: -

Maintenance: - / R.E. Taxes -

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Estimated Monthly Payment: $17,065

Assumes 7% Mortgage Rate and 90% financing

Other Details:

Single Family

Lot Size: 17.67' x 100.0' Built: 17.67' x 40.0'

Zoning: A0-9

Open House

Sun Apr 13, 11:30 AM - 12:30 PM

Exclusively listed with: Serhant Source: RLS

Gillian Anderson-Mann

gillian@serhant.com

(347) 968-1361

Listing Courtesy of Serhant View Listing

Unit listing history

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