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$3,540,000
List price: $3,600,000
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486 11th Street
Condo in Park Slope • 
building info
7bd • 4ba • 3,780 ft 2
List price

$3,600,000

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Key Details
Days on market
38
Last price change
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Estimated payment
$34,062
Taxes
$10,288
Monthly common charges
$0
Description
Rare Opportunity to own a Prime Park Slope, mixed-use, 4 story, corner property on 7th Avenue/11th Street. This income-producing property consists of three apartments and one commercial retail store. Apartments consist of 2 bedrooms/1 bath plus a bonus room which can be used as a small bedroom, office, or dining area (Apartment #2 bonus room converted to a bedroom) Apartments have been completely renovated including granite countertops, tiled back splash, hardwood floors, dishwasher, and stainless steel appliance. The full basement is semi-finished with lots of storage and set up with a laundry area (not currently offered to tenants). This property has been well maintained by the owner; has updated electrics, new windows, a new layer of roofing, and has been converted to gas. The owner recently installed a state-of-the-art security system, renovated stoop, painted the outside, and common areas. El Milagro, the commercial unit, is a staple in the neighborhood and has been a tenant since 2017. Store currently has use of 1/2 of basement for storage. The 1st-floor apartment is owner-occupied and will be delivered vacant. The building is conveniently located to all transportation, schools, shops, restaurants, both Park Slope YMCAs, Prospect Park, and Methodist Hospital. This corner property has excellent vehicle and foot traffic. This building presents a unique opportunity for an end-user to live, work and collect rent simultaneously, or for an investor with a 5.3% CAP Rate (projected 5.6%) Contact me today for more information and to view.

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Important Stuff
Important Stuff
Washer/Dryer In Unit
Amenities
BUILDING AMENITIES
  • Laundry in Building
History
What it'll cost
Purchase price
$3,600,000
Asking Price: $3,600,000
Term
30 Years
Down Payment
$360,000 (10%)
Min: 10% (360,000)
Rate
8.0 %
Mortgage Amount
$3,240,000
Mortgage Payment
$23,774
Common Charges
$0
Taxes
$10,288
Estimated Yoreevo rebate
$60,000
Estimated closing cost
$141,000
Total monthly cost $34,062
Buy your dream home with us and get an estimated
$60,000 rebate.
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Courtesy of Corcoran

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