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123 8th Avenue, Brooklyn, NY 11215

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For Sale

$5,199,999

8 beds • 8 baths • 6,666 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • $780.08
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 494864

Courtesy Of Pen Realty LLC

(347) 736-8953

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Heating System
    Steam
  • Lot Size
    0.06 Acres

Map and Directions

Directions to 123 8th Avenue, Brooklyn, NY 11215

Home seller CENTURY 21 Milestone Team Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Milestone Team Realty

(718) 291-7000
Learn More About Us

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Monthly Payment Breakdown

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Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.