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316 6th St
Brooklyn, NY 11215 Park Slope

$2,200,000 USD

Apartments For Sale  •  5,720 SF

Property Details

• Property Type Apartments
• Total Building Size 5,720 SF
• Lot Size 0.05 AC
• Building Class C
• Year Built 1931
• Zoning R6B Brooklyn (C1)

100 Transit Score

99 Walk Score

Highlights

One block from an array of retail and dining options while also being one block from Washington Park.

Owner-User Potential: Ideal for an owner-user, this property provides the unique opportunity to build out an expansive triplex unit (1F, 2F, 3F)

Low Basis: Our asking basis of $385 per SF is 40% below the average neighborhood basis of $666.

Though half the building is already either vacant or free market, the asking price is roughly 30% of the building’s value if fully vacant.

Current proforma is based on re-tenanting in as-is condition, though the market can sustain higher rents with capital improvements.

Tax Class Protected: 2A Tax Class limits tax increase to no more than 6% a year or 30% over 5 years.

Amenities

• 24 Hour Access
• Heating
• Recycling
• Trash Pickup - Curbside
• Kitchen
• Refrigerator
• Oven
• Range
• Views
• Freezer
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	5 min	20 min	1.1 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	9 min	-	2.7 mi
Transit/Subway	Drive	Walk	Distance
4 Avenue-9 Street (D,M,N,R Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	1 min	4 min	0.3 mi
4 Avenue-9 Street (F,G Line) (F - New York MTA Subway (The Subway))	1 min	7 min	0.3 mi
Union Street (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
7 Avenue (F,G Line) (F - New York MTA Subway (The Subway))	2 min	10 min	0.6 mi
Prospect Avenue (D,M,N,R Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	3 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Laguardia	24 min	-	11.5 mi
John F Kennedy International	28 min	-	14.5 mi
Newark Liberty International	28 min	-	16.4 mi