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Ekaterina Prouty

ekaterina.prouty@engelvoelkers.com +1(917) 495-9017

Listing Courtesy of Douglas Elliman Real Estate

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123 8TH Avenue Brooklyn, NY 11215

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

RLS Data display by Engel & Völkers

NEARBY SCHOOLS & PROPERTIES

Ekaterina Prouty

Advisor License ID: 10401403138

+1(917) 495-9017

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Ekaterina Prouty

123 8TH Avenue Brooklyn, NY 11215

Key Details

Location

Rooms

Interior

Exterior

Building

Others

123 8TH Avenue

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