Boro Park Real Estate

123 8th Avenue, Park Slope, NY 11215

[Park Slope Real Estate, listing number 3329627]



Description: 3329627
   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 $700â??$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 hoursâ?? notice.

Details:
   Families: 9
   Property Type: Multi-Family
   Built: 1885

Financials:
   Price: $4,999,999

 

Keller Williams Realty Empire
Peter Mancini
Office: (718)954-8400

email: pmancini@madisonestates.com
provided by Brooklyn Bd of Realtors