123 8th Avenue

Positioned on a prime Park Slope block, 123 8th Avenue is a well-maintained, income-producing multifamily property offering scale, unit diversity, and strong long-term upside. The building consists of nine residential units across multiple floors, providing a balanced mix that appeals to a broad tenant base: Five one-bedroom apartments (GF, 1F, 1R, 3F, 4F) Two two-bedroom apartments (GR, 2F) Two studio apartments (3R, 4R) Ownership has assembled comprehensive documentation for buyer review, including DHCR records, detailed profit & loss statements, and construction cost history, allowing investors to underwrite with confidence. Operating expenses include: Annual real estate taxes: $65,412 Annual water & sewer: $11,993 Annual insurance: $7,163 Utilities (gas & electric): approximately $700–$850 per month With its unit mix, transparent financials, and desirable Park Slope location near Prospect Park, transit, and neighborhood amenities, this property presents a compelling opportunity for investors seeking stable cash flow with future growth potential. Showings are accommodated with 48 hours’ notice.