558 11th Street

For Sale: 23-Unit Multifamily Property Steps Away from Prospect Park

558 11th Street, Brooklyn, NY 11215
Asking Price Submit Offers
Type Multifamily
Neighborhood Park Slope
Properties 1
Lot Size 5,000 SF
Zoning Code R6b, C1-4
Size 13,280 SF
Stories 4
Units 23 Units
Air Rights None

Investment Highlights:

Team Hess of Meridian Investment Sales is pleased to present the Exclusive Offering for 558 11th Street, a multifamily building with a total of 23 apartments in prime Park Slope – just three blocks away from the F & G train at the Seventh Avenue subway station and only a block away from renowned Prospect Park. The property is situated on 11th Street between 7th Avenue and 8th Avenue. Park Slope is one of the most desirable residential and commercial locations in not only Brooklyn, but all of New York City.

This a rare opportunity for an investor to buy a property that has been owned by the same family for 38 years. The offering presents a significant amount of upside in the rental income as 12 of the 23 apartments are free-market and have significantly below market rents. The asset has been consistently maintained and upgraded minimizing long-term deferred maintenance for future ownership.

Location:

Located Between 7th and 8th Avenues

Property Listing Contact:

Adam Hess // Senior Managing Director // 800 3rd Ave., New York, NY // 718.534.6201 // ahess@meridiancapital.com

Edward Setton // Managing Director // 800 3rd Ave., New York, NY // 718.534.9202 // esetton@meridiancapital.com

Lane Matalon // Associate // 800 3rd Ave., New York, NY // 718.534.9204 // lmatalon@meridiancapital.com