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1205 8th Ave 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 4.91% Cap Rate Brooklyn, NY 11215
INVESTMENT HIGHLIGHTS
- Very desirable location
- Walkout bulkhead
- Walkout (front and rear) basement
EXECUTIVE SUMMARY
Brownstone Real Estate is proud to be the exclusive listing agent for the sellers of 1205 8th Avenue.
Here is your opportunity to own a solid rental building in a can’t-be-beat location near Brooklyn’s crown jewel, Prospect Park. With restaurants on almost every corner and the subway, shops, and a movie theater nearby, this block is number one in attractiveness.
The approximately 6,611 square feet in this gem are divided into eight five-room apartments on four floors. There’s also a large windowed full basement with front and rear access and a back yard.
This is a solid, well-maintained building that demands the attention of anyone looking to complete a 1031 exchange, achieve long-term appreciation, or own to live.
It’s an excellent, affordable opportunity for a user to live in Park Slope while owning an income-producing property.
Call now to set up an appointment to view this excellent building. (24 hours advance notice required.)
Here is your opportunity to own a solid rental building in a can’t-be-beat location near Brooklyn’s crown jewel, Prospect Park. With restaurants on almost every corner and the subway, shops, and a movie theater nearby, this block is number one in attractiveness.
The approximately 6,611 square feet in this gem are divided into eight five-room apartments on four floors. There’s also a large windowed full basement with front and rear access and a back yard.
This is a solid, well-maintained building that demands the attention of anyone looking to complete a 1031 exchange, achieve long-term appreciation, or own to live.
It’s an excellent, affordable opportunity for a user to live in Park Slope while owning an income-producing property.
Call now to set up an appointment to view this excellent building. (24 hours advance notice required.)
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $312,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.91% | Building Size | 6,611 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R6B - R6B As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations. | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 6,611 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R6B - R6B As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations. |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 01099-0007 | Improvements Assessment | $967,050 |
| Land Assessment | $66,600 | Total Assessment | $1,033,650 |
PROPERTY TAXES
Parcel Number
01099-0007
Land Assessment
$66,600
Improvements Assessment
$967,050
Total Assessment
$1,033,650
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1205 8th Ave
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