277 E 7th St Brooklyn, NY 11218
Kensington NeighborhoodEstimated payment $32,805/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,281 | $92,160 | $30,300 | $61,860 |
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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®
MLS Number: 498503
APN: 05340-0079
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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