The Brennan Team of Marcus and Millichap has exclusively sold 216 Prospect Park West, a three story mixed use building comprised of 2 apartments and one retail unit. The property is located on Prospect Park West between 16th Street & Windsor Place in the Park Slope neighborhood of Brooklyn. The subject property was built in 1921 and measures 20 feet wide by 55 feet deep on a lot that extends 75 feet deep. The property is zoned R5B, C2 4 and is located within steps of the 15th Street Prospect Park [F,G] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

• Premium location of Park Slope. Located on a heavy foot traffic stretch of
  Prospect Park West, one half block from Bartel Pritchard Square.
• Uniquely stable liquor store retail tenant with minimal competition. Specialty
  liquor stores in New York have seen a 23% increase in sales since March
  2020. Windsor Wine Merchant pays on time each month, has 8 years
  remaining on their lease with 3% annual increases, and has expressed a
  commitment to staying in the space long term.
• Actual upside in the 2 unrenovated apartments. 1 apartment is vacant and
  the other has been rented for several years at $3020, both currently
  unrenovated. A new investor may be able to convert both units to 3
  bedroom apartments while adding in unit laundry. Even without turning the
  units to 3 bedroom apartments, luxury grade renovated apartments are
  renting for $45 --$50/SF in the immediate vicinity.