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)… Read More 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. Read Less
Listing Courtesy of: Peter Mancini, PEN REALTY LLC
Listing Snapshot
Days Online
8
Last Updated
Property Type
MultiFamily
Beds
8
Square Ft.
6,666
Lot Size
0.06 Acres
Year Built
1885
MLS Number
RLS20041506
30 Days Snapshot Of 11215
$1.81M
-14%
(avg) sold price
26
-36%
homes sold
90
+36%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Units: SquareFeet, Rooms Total: 10, Structure Type: MultiFamily
Exterior Features
Other Equipment: Intercom, Patio And Porch Features: Patio
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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