123 8th Avenue, Brooklyn, NY 11215
Local realty services provided by:CENTURY 21 Awaye Realty
123 8th Avenue,Brooklyn, NY 11215
$4,999,999
- 8 Beds
- - Baths
- 6,667 sq. ft.
- Multi-family
- Active
Listed by: peter mancini
Office: pen realty llc.
MLS#:RLS20041506
Source:NY_REBNY
Price summary
- Price:$4,999,999
- Price per sq. ft.:$749.96
About this home
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 seven free market units and two 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.
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Home facts
- Year built:1885
- Listing ID #:RLS20041506
- Added:208 day(s) ago
- Updated:March 03, 2026 at 06:54 PM
Rooms and interior
- Bedrooms:8
- Rooms Total:10
- Living area:6,667 sq. ft.
Structure and exterior
- Year built:1885
- Building area:6,667 sq. ft.
- Architectural Style:Prewar
Finances and disclosures
- Price:$4,999,999
- Price per sq. ft.:$749.96
- Tax amount:$65,412
Features and amenities
- Appliances:Intercom
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