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Turnkey 8-unit Multifamily - Park Slope 817 8th Ave 8 Unit Apartment Building $4,000,000 ($500,000/Unit) 7% Cap Rate Brooklyn, NY 11215
Executive Summary
• 4-story walk-up building consisting of 8 apartments
• 6/8 apartments are gut-renovated
• Protected Tax Class 2B
• 50% Free-Market
• The property is located in Park Slope, a block away from Prospect Park, near shopping, dining, and transportation options
• 7th Avenue Station is on the block ( F, G trains)
• 6/8 apartments are gut-renovated
• Protected Tax Class 2B
• 50% Free-Market
• The property is located in Park Slope, a block away from Prospect Park, near shopping, dining, and transportation options
• 7th Avenue Station is on the block ( F, G trains)
Property Facts Under Contract
| Price | $4,000,000 | Property Subtype | Apartment |
| Price Per Unit | $500,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 12.3 | Building Size | 5,576 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Zoning | R7B | ||
| Price | $4,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 12.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,576 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R7B |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Playground
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 697 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 01091-0002 | Improvements Assessment | $1,008,000 |
| Land Assessment | $23,400 | Total Assessment | $1,031,400 |
Property Taxes
Parcel Number
01091-0002
Land Assessment
$23,400
Improvements Assessment
$1,008,000
Total Assessment
$1,031,400
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Turnkey 8-unit Multifamily - Park Slope | 817 8th Ave
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