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1918 8th Ave 6 Unit Apartment Building $1,835,000 ($305,833/Unit) 5.89% Cap Rate Brooklyn, NY 11215
Executive Summary
Located in prime Park Slope, 1918 8th Avenue is a solid 6-family brick building featuring six spacious 2-bedroom, 1-bath apartments. Building size is 27' x 70' on a 27' x 100' lot, offering excellent layout and light throughout. A rare investment opportunity in one of Brooklyn’s most sought-after neighborhoods. Close to Prospect Park, subways, shopping, and dining. Whether you're expanding your portfolio or seeking a stable income-producing asset with upside potential, this property delivers on all fronts.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,835,000 | Apartment Style | Low-Rise |
| Price Per Unit | $305,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.89% | Building Size | 5,628 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $1,835,000 |
| Price Per Unit | $305,833 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,628 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 00887-0047 | Improvements Assessment | $819,450 (2025) |
| Land Assessment | $7,650 (2025) | Total Assessment | $827,100 (2025) |
Property Taxes
Parcel Number
00887-0047
Land Assessment
$7,650 (2025)
Improvements Assessment
$819,450 (2025)
Total Assessment
$827,100 (2025)
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1918 8th Ave
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