An
eight-family walk-up apartment building at 717 Carroll Street in Brooklyn’s
Park Slope neighborhood was sold in an all cash transaction valued at
$1,400,000.
The
four-story building, located on Carroll
Street between Sixth and Seventh Avenues, contains
approximately 7,524 square feet. Six apartments are rent-stabilized, one
apartment is rent-controlled and one apartment is free-market. The building
benefits from its location on a prime residential block in the heart of Park
Slope. The sale price represented a
5.22% cap rate.
Neighborhoods: Park Slope