NY > Brooklyn > Park Slope
Brooklyn, NY 11215,123 8th Avenue
Brooklyn, NY 11215,123 8th Avenue
Brooklyn, NY 11215,123 8th Avenue
4
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$5,199,999
Est. payment /mo
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8 Beds
6,666 SqFt
Active

123 8th Avenue Brooklyn, NY 11215

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

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

Subdivision Park Slope

MLS Listing ID RLS20041506

Style Prewar,Walk-Up

Bedrooms 8

HOA Y/N No

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

Interior

Equipment Intercom

Fireplace No

Laundry See Remarks

Exterior

Private Pool No

Building

Dwelling Type Multi Family

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 01072-0005

Ownership None

Monthly Total Fees $5, 048

Pets Allowed Building Yes, Yes

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

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Anthony Guerriero

Anthony Guerriero

Broker

+1(646) 376-8752

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123 8th Avenue

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