164 6TH AVE

INVESTMENT HIGHLIGHTS

• Premier Location: Nestled in the heart of Park Slope, this property enjoys a prime position amidst a vibrant array of retail and dining options along 5th and 7th Avenues. Close proximity to iconic landmarks such as Grand Army Plaza, Barclays Center, and Atlantic Terminal enhances its allure.
• Brownstone Brooklyn Charm: Positioned within the esteemed Brownstone Brooklyn district, this property is surrounded by some of New York City’s most coveted real estate, embodying the timeless elegance and historical charm that defines this iconic neighborhood.
• Delivered Vacant / Value-Add Opportunity: Offering a blank canvas for the discerning investor, the property presents multiple possibilities including condo conversion, transformation into a luxurious single family residence, or development into high-end rental units.
• Owner-User Potential: Ideal for an owner-user, this property provides the unique opportunity to live in one or more units while generating rental income from the remaining spaces.
• Spacious Floor-Through Layouts: Currently configured with four generously sized floor-through apartments. The building’s Certificate of Occupancy reflects five units, including two front and back units on the second floor, offering versatility for future ownership.
• Excellent Transportation Access: Conveniently located near Grand Army Plaza, Atlantic Terminal, and Union Street stations, with direct access to virtually anywhere in NYC (2,3,4,5,B,D,N,Q,R,W lines)
• Protected Tax Class: The property benefits from tax class 2A designation, ensuring favorable tax conditions and contributing to its long-term investment appeal.