316 6TH STREET

INVESTMENT HIGHLIGHTS

• Premier Location: Located in the heart of Park-Slope, this property is 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), occupying ~2,200 SF while collecting $6K+ a month in rental income.
• Low Basis: Our asking basis of $385 per SF is 40% below the average neighborhood basis of $666.
• Delivered Partially Vacant: 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.
• Value-Add Potential: 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.
• Excellent Transportation Access: Conveniently located three blocks from the F, G, D, N, R, W Trains, allowing for quick and easy transport to NYC, Downtown Brooklyn, and Northern Brooklyn.