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Listing Courtesy of Douglas Elliman Real Estate
$5,199,999
Est. payment /mo
9 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Park Slope
MLS Listing ID RLS20123758
Bedrooms 9
Full Baths 9
HOA Y/N No
Year Built 1885
Annual Tax Amount $70,296
Property Sub-Type Multi Family
Property Description
Premier Nine-Unit Multifamily Investment OpportunityIdeally situated just moments from Prospect Park in the heart of Park Slope, 123 8th Avenue presents an exceptional opportunity to acquire a well-maintained nine-unit multifamily property in one of Brooklyn's most established and desirable residential neighborhoods.This classic Brooklyn building offers a thoughtfully balanced unit mix consisting of five (5) one-bedroom apartments, two (2) two-bedroom apartments, and two (2) studio residences. The property includes six (6) free-market apartments and three (3) rent-stabilized apartments, providing a combination of established rental income and potential long-term appreciation.The residences have been recently renovated and are maintained in excellent condition, offering attractive living spaces in a neighborhood known for its historic architecture, vibrant community, and enduring rental demand. Investment Highlights Total Residential Units: 9 Unit Mix: 5 one-bedroom, 2 two-bedroom, and 2 studio apartments Rental Classification: 6 free-market and 3 rent-stabilized apartments Gross Monthly Rental Income: $33,350 Gross Annual Rental Income: $400,200 Reported Operating Expenses Real Estate Taxes: $65,412 annually Water: Approximately $12,000 annually Electric and Gas: Approximately $750 monthly ($9,000 annually)Additional operating expenses, rental information, and supporting financial documentation are available upon request. An Exceptional Park Slope LocationLocated by Prospect Park, 123 8th Avenue offers residents convenient access to neighborhood restaurants, boutique shopping, cultural attractions, education institutuions, and public transportation. Park Slope continues to attract residents seeking the unique combination of classic Brooklyn charm, neighborhood amenities, and accessibility to Manhattan.For investors seeking an established income-producing property in a premier Brooklyn location, 123 8th Avenue offers a compelling combination of location, residential demand, and long-term investment potential. Exclusively Presented by Douglas Elliman Real EstateClarity You Can Act On. Results You Can Trust.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Appliance Washer Dryer Allowed
Laundry Building Other, Washer Hookup, In Unit
Exterior
Exterior Feature None
Pool Building None
View Y/N No
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 01072-0005
Ownership None
Monthly Total Fees $5, 858
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by eXp Realty
NEARBY SCHOOL & BUSINESS
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