123 8th AVE Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11215
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,666 sqft
Price per Sqft $780
MLS Listing ID 494864
Bedrooms 8
Full Baths 8
Year Built 1885
Annual Tax Amount $60,577
Property Sub-Type Multi-Family
Property Description
Located just steps from Prospect Park in the heart of Park Slope, 123 8th Avenue is a well-maintained 9-unit multifamily building offering both strong in-place income and long-term upside. This classic Brooklyn asset includes a balanced unit mix of five (5) one-bedroom apartments, two (2) two-bedroom apartments, and two (2) studio apartments. The property features six free market units and three rent-stabilized units. All residences have been recently renovated and are in excellent condition, with layouts ranging from approximately 550 to 1,000 square feet.
Current gross monthly income is $33,350, totaling over $400,000 annually. Operating expenses include $750/month for electric and gas, approximately $12,000 annually for water, and real estate taxes of $65,412 per year. Additional expense details and supporting financial documentation are available upon request.
This is a prime turnkey opportunity for investors seeking a stabilized, cash-flowing asset in one of Brooklyn's most desirable neighborhoods. Surrounded by top-rated schools, transportation, shopping, and dining—and just moments from Prospect Park—123 8th Avenue represents a rare blend of location, condition, and rental income potential.
This is a Pen Realty Signature Listing.
Location
State NY
County Kings (brooklyn)
Area Park Slope
Zoning R7B
Rooms
Basement Cellar
Interior
Hot Water Gas
Heating Gas
Flooring None
Heat Source Gas
Exterior
Exterior Feature Other
Amenities Available NONE
Roof Type Other
Handicap Access Unknown
Building
Story 4
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash