$4,200,000

277 E 7th St Brooklyn, NY 11218

Kensington Neighborhood

Estimated payment $31,202/month

Total Views 795
42 Beds
20 Baths
15,708 Sq Ft
$267 Price per Sq Ft

Highlights

  • 10,000 Sq Ft lot
  • Wood Flooring
  • Back Yard
  • P.S. 130 - The Parkside School Rated A-
  • Heating System Uses Steam

About This Home

Prime Park Slope Investment | Rare 20-Unit Asset Exceptional opportunity to acquire a fully stabilized 20-unit multifamily building in Prime Park Slope, Brooklyn—one of the city’s most supply-constrained and high-demand rental markets. This well-maintained pre-war walk-up is in excellent condition and features a strong unit mix ranging from studios to three-bedroom apartments, ensuring consistent tenant demand and long-term income stability. The property is 100% occupied with all units rent-stabilized (no rent-controlled apartments), providing predictable cash flow and long-term appreciation potential. Additional upside is generated through a rooftop lease with AT&T for cellular equipment, creating supplemental income beyond residential rents. A true core asset in a premier Brooklyn location—ideal for investors seeking secure cash flow, proven demand, and long-term value preservation in one of NYC’s strongest rental corridors.

Listing Agent

Nicholas Venturini

Ben Bay Realty Co Listed on: 01/20/2026

Co-Listing Agent

Christina Girgenti

Ben Bay Realty Co

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $106,950

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100 x 50
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 15,708 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 42 Bedrooms
  • 20 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 993

Community Details

Overview

  • 20 Units

Building Details

  • Fuel Expense $21,688
  • Insurance Expense $16,228
  • Utility Expense $2,034
  • Gross Income $413,701
  • Net Operating Income $238,701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$106,950

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Borough: Brooklyn
  • Building Length: 89.00
  • Building Width: 50.00
  • Co List Office Mls Id: 116070
  • Co List Office Phone: (718) 680-6442
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4TH AV
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 20
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 15708
  • Street Name I D X: 7th
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 20
  • Total Bedrooms: 42
  • Flooring: Hardwood
  • Lot Sq Ft: 10000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Block, Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 72
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 21688.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 50

Multi Family

  • Annual Gross Expense: 175000.00
  • Annual Gross Income: 413701
  • Insurance Expense: 16228.00
  • Property Net Operating Income: 238701.00
  • Annual Utility Expenses: 2034.00

Tax Info

  • Flip Tax Amount: 106950.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,755 $93,180 $30,300 $62,880
2024 $8,755 $109,620 $30,300 $79,320
2023 $8,613 $96,420 $30,300 $66,120
2022 $7,988 $78,900 $30,300 $48,600
2021 $8,421 $86,520 $30,300 $56,220
2019 $7,599 $116,040 $30,300 $85,740
2018 $7,204 $35,340 $10,829 $24,511
2017 $6,797 $33,343 $12,390 $20,953
2016 $6,666 $33,343 $15,197 $18,146
2015 $3,794 $32,089 $18,002 $14,087
2014 $3,794 $30,273 $16,553 $13,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2026 01/20/26 For Sale $4,200,000 0.0% $267 / Sq Ft
09/20/2021 09/20/21 Rented -- -- --
08/21/2021 08/21/21 Under Contract -- -- --
08/03/2021 08/03/21 For Rent $2,750 -- --
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 498503

Brooklyn Board of REALTORS®

APN: 05340-0079

New York Kings County Brooklyn 11218 Kensington

277 E 7th St, Brooklyn, NY

For Sale

MultiFamily

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Nicholas Venturini
Listing Agent
Nicholas Venturini
Section Image
Ben Bay Realty Co
(917) 905-2368