$5,199,999 ($780.08 per sqft)

Est. Mortgage $25,277/mo *

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Listing courtesy of PEN REALTY LLC (718) 965-1979

123 8th Avenue, Brooklyn, (Park Slope), NY, 11215

123 8th Avenue, Brooklyn, (Park Slope), NY, 11215
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10 rooms

8 beds

1885

Prewar, Walk-Up

6,666 sqft

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.

Status:

Active

Town:

Brooklyn

Type:

Condo/Coop

Laundry Remarks:

See Remarks

Units:

0

Levels:

4

Lot Size:

23.00 x 112.00

Est. Taxes:

$60,577

Pet Policy:

Building Yes, Yes

MLS #:

RLS20041506

Community Info

School Info

Walk Score

Mass Transit

Yelp

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