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137 7th Ave, Brooklyn, NY, 11215

0beds
7baths
4,930sqft
$3,799,000
$771price/sqft
$22,380/moest. monthly cost
$895,200/yrincome needed

About This Home

This fabulous, centrally located Park Slope mixed-use building offers high rental income and is an excellent investment opportunity. Currently occupied by a successful restaurant and six studio apartments, this amazing mixed use property is situated in bustling prime, Park Slope surrounded by other successful Park Slope businesses. With the lower level, currently used as a restaurant prep and storage area and as a party room by the previous restaurant, this building is 4930 square feet. The building’s proximity to Prospect Park, great shopping, the Brooklyn Museum and transportation makes it ideal for both investors and end users. Showings by appointment only.

Getting Around

97
WalkingWalker's Paradise
0
TransitVery Limited Transit
94
BikeBiker's Paradise

Schools

8/10
Ps 321 William PennGrades K-50.1 mi
4/10
Park Slope CollegiateGrades 6-120.3 mi
5/10
John Jay School for LawGrades 9-120.3 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Bedrooms & Bathrooms

  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Interior Area

  • Total structure area: 4,930
  • Total interior livable area: 4,930 sqft

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Balcony

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $19,209$230,508
Home Insurance *$585$7,020
Property Taxes $1,772$21,264
Electricity $814$9,776
Total$22,380$268,560
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$767,314/yr
40% on housing$671,400/yr
45% on housing$596,800/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$771This listing

vs Other Active Listings

Avg $/sqft

ZIP 11215$1,080
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11215$1,389
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-14Price change$3,300,000
2026-02-27Listed for sale$3,450,000
2026-02-20Listing removed$3,450,000
2025-10-15Listed for sale$3,450,000
2025-08-10Listing removed$3,700,000
2025-06-22Listed for sale$3,700,000

For Sale by Agent

AgentMarcy Wasserman
BrokerageCompass

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