NOT LISTED FOR SALE

80 7th Ave Brooklyn, NY 11217

Park Slope Neighborhood

Estimated Value: $3,766,864

6 Beds
3 Baths
4,800 Sq Ft
$785/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $3,650,000 $760 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $24,118/month

158 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to 7 Avenue (B,Q Line)
  • No HOA
  • P.S. 282 Park Slope Rated A
  • High Ceiling
  • 5-minute walk to Park Slope Playground

About This Home

As of October 2024

Mixed Use in Prime Park Slope A rare investment opportunity in the heart of Park Slope. This classic, 4,800 square foot four story brownstone consists of a commercial space on the ground floor and three 2-bedroom floor-through free market residential rentals above. Located on Seventh Avenue off Berkeley Place, the property inhabits a densely foot trafficked and highly sought after rental area on Park Slope’s Northside. Lovingly maintained by the same Owner for over 50 years, the residential units feature beautiful pre-war details throughout, including original floors, moldings, and fireplaces. At 1,200 square feet per floor and in a prime location near Grand Army Plaza, Prospect Park, and numerous subway lines, these rental units are in high demand in a Park Slope neighborhood exploding in popularity. A successful deli / convenience store operates out of the commercial space, which includes a backyard, full basement and cold storage. With a projected cap rate approaching 6%, this historic landmark is an ideal investment vehicle for those looking to generate income while participating in the long term price appreciation upside of trophy real estate assets in prime Brooklyn.

Last Agent to Sell the Property

Jonah Malarsky

Compass License #10401241907 Listed on: 07/21/2023

Compass

Co-Listed By

Lyon Porter

Compass License #10301208001

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,760

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 20.000000x80.000000

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,800 Sq Ft Home
  • 4-Story Property
  • High Ceiling
  • Decorative Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • Park Slope Subdivision

Listing and Financial Details

  • Legal Lot and Block 40 / 00954

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,760

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Entry Level: 1
  • Structure Type: Multi Family, Mixed Use
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Interior Features: High Ceilings
  • Appliances: Washer
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 4800.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 6

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: In Unit, See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 20.000000x80.000000

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 4
  • Year Built: 1921

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00954
  • Tax Lot: 40
  • Tax Annual: 47760.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Oct 31, 2024
Sold by
Eric Jensen Successor Trustee and Lars Jensen Successor Trustee
Bought by
80 Seventh Bk Llc and First 80 Seventh Llc
Seller's Agent
Jonah Malarsky
Compass
List Price
$4,500,000
Sold Price
$3,650,000
Premium/Discount to List
-$850,000
-18.89%
Views
199
Current Estimated Value
$3,766,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,864
Avg. Annual Appreciation
2.75%
Original Mortgage
$2,650,000
Outstanding Balance
$2,617,941
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,148,923

Purchase Details

Closed on
Aug 1, 2017
Sold by
Jensen Renata and Jensen Renate
Bought by
Renate Jensen As Trustee and Renate Jensen Living Trust

Purchase Details

Closed on
May 17, 2010
Sold by
Jensen Carl H
Bought by
Jensen Carl H and Jensen Renata
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
80 Seventh Bk Llc $3,650,000 --
80 Seventh Bk Llc $3,650,000 --
Renate Jensen As Trustee -- --
Renate Jensen As Trustee -- --
Renate Jensen As Trustee -- --
Jensen Carl H -- --
Jensen Carl H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 80 Seventh Bk Llc $2,650,000
Closed 80 Seventh Bk Llc $2,650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $3,650,000 0.0% $760 / Sq Ft
10/31/2024 10/31/24 Off Market $3,650,000 -- --
04/02/2024 04/02/24 Pending -- -- --
10/26/2023 10/26/23 For Sale $4,500,000 -- $938 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

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 $52,581 $1,399,500 $310,950 $1,088,550
2024 $52,581 $1,224,900 $310,950 $913,950
2023 $47,771 $1,137,150 $310,950 $826,200
2022 $47,526 $1,102,050 $310,950 $791,100
2021 $46,194 $1,075,950 $310,950 $765,000
2020 $9,280 $1,179,450 $310,950 $868,500
2019 $40,482 $1,336,680 $310,950 $1,025,730
2018 $38,101 $299,560 $55,749 $243,811
2017 $38,101 $299,560 $65,011 $234,549
2016 $37,345 $289,673 $75,193 $214,480
2015 $23,215 $268,773 $83,734 $185,039
2014 $23,215 $248,865 $93,055 $155,810
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jonah Malarsky

    Compass

    (630) 338-2908

    1 in this area

    43 Total Sales

    Jonah Malarsky
    Section Image
  • Lyon Porter

    Seller Co-Listing Agent in 2024

    Lyon Porter

    Compass

    (917) 881-6762

    1 in this area

    32 Total Sales

    Lyon Porter
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10968635

Real Estate Board of New York (REBNY)

APN: 00954-0040

New York Kings County Brooklyn 11217 Park Slope

80 7th Ave, Brooklyn, NY

Not Listed for Sale

Detached

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