The Brennan Team of Marcus and Millichap successfully closed 722 President Street on November 30th 2024, a 3-family building comprised of (3) two-bedroom apartments. The property is located on President Street between 5th Avenue & 6th Avenue in the Park Slope neighborhood of Brooklyn. The property was built in 1899 and measures 20 feet wide by 70 feet deep on a lot that extends 100 feet deep. The property is zoned R6B. The property is located 2 blocks from the Union Street [ D, R, N ] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

The subject property was built in 1931 and measures 90 feet wide by 100 feet deep on a lot that extends 100 feet deep. The property is zoned R5

Property Highlights

• Park Slope Large Brick 3 Family Approximately 4,200 Square Feet
• President Street Between 5th & 6th Avenues | Public School District 321
• Identification Use Card Allows “Living & Storage” in Cellar Offering Potential to Add 4th Apartment or Duplex Unit 1
• Long-Term Ownership | Property in Excellent Condition
• Free-Market Apartments with Leases Expiring in 2024 |Significant Room to Raise Rents
• Rental Comps Support $70-$80/Square Foot | Condo Comps Support $1600-$1900/SF
• Unusually Deep Building Approximately 70 Feet in Length
• Unit 1 has Private Backyard Access
• Roof Redone in November 2023