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571 8th Street, Brooklyn, NY 11215 571 8Th Street 6 Unit Apartment Building $3,100,000 ($516,667/Unit) Brooklyn, NY 11215
EXECUTIVE SUMMARY
Rare Generational Opportunity – First Time Offered in Over 50 Years
Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the area’s most desirable residential settings.
The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals.
The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location.
Offering Memorandum available upon request.
Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the area’s most desirable residential settings.
The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals.
The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location.
Offering Memorandum available upon request.
PROPERTY FACTS
| Price | $3,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $516,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 6 | Building Size | 6,195 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R7B | ||
| Price | $3,100,000 |
| Price Per Unit | $516,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 6,195 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R7B |
AMENITIES
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 10+1 | 6 | - | 1,032 |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 01089-0045 | Improvements Assessment | $1,302,750 |
| Land Assessment | $13,950 | Total Assessment | $1,316,700 |
PROPERTY TAXES
Parcel Number
01089-0045
Land Assessment
$13,950
Improvements Assessment
$1,302,750
Total Assessment
$1,316,700
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571 8th Street, Brooklyn, NY 11215 | 571 8Th Street
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