Brooklyn 4U
  • Home
  • Agents
  • Sales
  • Rentals
  • Open Houses
  • About
  • Contact
  1. Home
  2. 123 8th Avenue
  • 123 8th Avenue
  • $ 5,199,999
123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215

123 8th Avenue

Park Slope   |   Carroll St & Montgomery Pl

Building For Sale
$ 5,199,999
Ownership Multi-Family
Lot Size 23'x112'
Status Active
Real Estate Taxes [Per Annum] $ 60,577
Building Size 23'x50'
Year Built 1885
ASF/ASM 6,666/619
 

Photos

123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
123 8th Avenue Park Slope Brooklyn NY 11215

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.
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.

Listing Courtesy of Pen Realty LLC

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

123 8th Avenue Park Slope Brooklyn NY 11215
123 8th Avenue Park Slope Brooklyn NY 11215

Building Details [123 8th Avenue]

Ownership Multi-Family
Block/Lot 1072/5
Building Size 23'x50'
Zoning R7B
Year Built 1885
Floors 4
Lot Size 23'x112'

Mortgage Calculator in [US Dollars]

$
%
$
%

Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 494864