$3,180,000

387 7th Ave Brooklyn, NY 11215

South Slope Neighborhood

Estimated payment $17,397/month

Total Views 1,454
-- Bed
-- Bath
3,800 Sq Ft
$837 Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to 7 Avenue (F,G Line)
  • Back Yard
  • P.S. 107 John W Kimball Rated A
  • Heating System Uses Steam

About This Home

Incredible Investment Opportunity - Mixed Use Building for sale in Park Slope. This 2 family + 1 Store is located on busy 7th Avenue. Each apartment can be converted into a 3 Bedrooms 2-bathroom, Kitchen, Living Room. Separate Heating system for each unit. The 1st floor commercial space has access to the basement giving it flexibility. Annual R.E. tax $8,232. Both apartments are currently vacant. Super prime, heavy foot traffic location near everything, close to BQE and minutes away from the subway!

Listing Agent

Mei Yung Ko

RE/MAX Real Estate Professionals Listed on: 10/09/2025

RE/MAX Real Estate Professionals

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,232

Year Built

  • Built in 1920

Lot Details

  • 1,365 Sq Ft Lot
  • Lot Dimensions are 70 x 19
  • Back Yard
  • Property is zoned R6A

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3,800 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Unfinished Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts

Listing and Financial Details

  • Tax Block 1096

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $4,000
  • Utility Expense $720
  • Gross Income $106,800

Property Details

Property Type

Other

Est. Annual Taxes

$8,232

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Borough: Brooklyn
  • Building Length: 50.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 11th St
  • Cross Street Name2: 12th St
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3800
  • Building Stories: 3
  • Street Name I D X: 7th
  • Year Built: 1920
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 1365

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 2
  • Roof: Flat

Utilities

  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Other

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 70
  • Lot Size Width: 19
  • Zoning: R6A

Rental Info

  • Rent Income: 8900

Multi Family

  • Annual Gross Expense: 51840.00
  • Annual Gross Income: 106800
  • Insurance Expense: 4000.00
  • Unit Count: 3
  • Annual Utility Expenses: 720.00

Tax Info

  • Flip Tax Amount: 8232.44

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 $7,772 $276,120 $24,600 $251,520
2024 $7,772 $272,940 $24,600 $248,340
2023 $7,793 $241,200 $24,600 $216,600
2022 $6,899 $189,360 $24,600 $164,760
2021 $7,182 $168,900 $24,600 $144,300
2020 $18 $138,300 $24,600 $113,700
2019 $6,746 $120,240 $24,600 $95,640
2018 $6,518 $31,977 $7,851 $24,126
2017 $6,153 $30,184 $7,943 $22,241
2016 $5,694 $28,483 $8,997 $19,486
2015 $3,434 $28,464 $10,786 $17,678
2014 $3,434 $26,872 $12,214 $14,658
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2025 12/02/25 Price Changed $3,180,000 -3.0% $837 / Sq Ft
10/09/2025 10/09/25 For Sale $3,280,000 -- $863 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $2,500,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 496500

Brooklyn Board of REALTORS®

APN: 01096-0002

New York Kings County Brooklyn 11215 South Slope

387 7th Ave, Brooklyn, NY

For Sale

Other

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Brooklyn Board of REALTORS® 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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