123 8TH Avenue
Brooklyn, NY, 11215 $ 5,199,999
Bedrooms9 Baths9.0 Sq 1,150 Monthly Estimate*
$ 35,915
for $5,199,999 with 9 bedrooms and 9 full baths. This 1,150 square foot home was built in 1885.
Premier Νinе-Unіt Multіfаmіly Investment Οррοrtunitу
Ideally 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 Location
Located 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.
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FeaturesGeneralPool Features Building None
Property SubType Multi Family
County Kings
New Construction false
Property Type Residential
Subdivision Name Park Slope
Garage Y/N false
City New York City
Lot Size Units Square Feet
Land Lease Y/N false
Tax Annual Amount 70296
Standard Status Active
Appliances Washer Dryer Allowed
Garage Spaces 0
Patio/Porch Features None
Architectural Style Multi Family
Year Built 1885
Total Rooms 14
Full Baths 9
Expected Active Date 2026-11-02T00:00:00Z
Structure Type Townhouse
Building Features Green Building
Pets Allowed Building Yes No
View Other
NumberOfUnitsTotal 9
Tax Lot 0005
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InteriorBasement (Y/N) true
Air Conditioning Y/N false
Fireplace Y/N false
Interior Features Smoke Free
Half Baths 0
Total Bedrooms 9
Total Baths 9
Basement Other
Laundry Features Building Other Washer Hookup In Unit
Total Stories 4
Entry Level 1
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ExteriorLot Size Area 2576
Exterior Features None
Building Area Total 1150
Lot Dimensions 112.00x23.00
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* Excluded FeaturesList ByPeter ManciniListing Agent
Douglas Elliman Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $35,915
- Monthly Property Taxes
- $5,858
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,906,127
Percent of Sale Price 63%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/2/2026 | $5,199,999 | | Listed Price |