1501 8th Ave 6 Unit Apartment Building $5,300,000 ($883,333/Unit) 5.80% Cap Rate Brooklyn, NY 11215

• Building Overview
1501 8th Avenue is a fully renovated, corner mixed-use building positioned at the intersection of two well-traveled Park Slope blocks. The corner location provides strong visibility, excellent light, and a clear separation between the residential and commercial components, while placing the property within close proximity to Prospect Park, multiple subway lines, and the neighborhood’s core retail corridors.
The building has been thoughtfully renovated throughout, delivering a true finished product. The residential units feature modern layouts, high-quality kitchens and bathrooms, and strong natural light, allowing them to compete at the top of the Park Slope rental market without requiring additional capital work. The condition of the building supports stable operations from day one.

At the street level, the corner retail benefits from frontage, foot traffic, and exposure that materially exceed typical mid-block assets. Current rent at the corner deli is well below market for the location, creating a clear path to meaningful upside as leases roll. The retail component adds an additional value-add component down the road on top of what is already a great deal

• Park Slope | Brooklyn
Park Slope is widely regarded as one of Brooklyn’s most distinguished neighborhoods, celebrated for its picturesque, tree-lined streets, grand brownstones, and elegant prewar architecture. The neighborhood offers a refined yet welcoming residential atmosphere, with a strong sense of community woven throughout its blocks. Along 5th and 7th Avenues, residents enjoy a dynamic mix of boutique retail, destination dining, neighborhood cafés, and everyday conveniences, creating an active streetscape that complements the area’s classic charm.

Families are especially drawn to Park Slope for its exceptional educational options. The neighborhood is home to several highly regarded public schools, including P.S. 321, consistently ranked among the top elementary schools in New York City, as well as access to esteemed private institutions such as Berkeley Carroll, St. Saviour, and Poly Prep nearby. Directly adjacent to Prospect Park, residents benefit from one of the city’s most treasured green spaces, offering miles of walking paths, athletic fields, playgrounds, and year-round recreation for all ages.

With multiple subway lines providing seamless access to Downtown Brooklyn and Manhattan, Park Slope combines connectivity with an unmatched quality of life. Its walkability, cultural amenities, and enduring residential appeal continue to attract families, professionals, and long-term residents alike, solidifying its reputation as one of Brooklyn’s most desirable neighborhoods.

• Desirable Location
Park Slope stands as one of Brooklyn’s most coveted residential enclaves, blending historic elegance with a vibrant, family-oriented lifestyle. Defined by its stately brownstones, wide avenues, and immediate proximity to Prospect Park, the neighborhood offers a rare balance of tranquility and urban energy. Strong retail corridors along 5th and 7th Avenues anchor the community, while limited housing supply and sustained demand support consistently high rents and long-term value. For investors and buyers alike, Park Slope represents a premier Brooklyn market characterized by stability, resilience, and enduring appeal.