121 8th Ave - Apartments FOR SALE


Brooklyn, NY 11215- Park Slope
$5,750,000 USD
212-230-5998
121 8th Ave, Brooklyn, NY for Sale
$5,750,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

121 8th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • 89% Fair Market
  • Corner of 8th Avenue and Carroll Street, adjacent to Prospect Park
  • Recently renovated free-market units featuring high ceilings, modern finishes, hardwood floors, and stainless-steel appliances
  • Proximity to the B/Q/2/3 Trains
  • Expansive parking lot and vacant lower level medical office with multiple repositioning strategies
  • The property offers Tax Class 2B designation, limiting assessment increases to 8% annually or 30% over five years

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 121 8th Avenue (the “Property”), a 4-story mixed-use walk-up building featuring 91’ of wraparound frontage on the southeast corner of 8th Avenue and Carroll Street in Park Slope. The Property sits on a 3,440 square foot lot, spans approximately 8,076 ± square feet, and consists of nine (9) residential units above one (1) ground floor medical office. The medical office is currently vacant and offers multiple repositioning strategies.The residential units include eight (8) free-market and one (1) rent-stabilized unit. The residential units are comprised of five (5) one-bedroom / one-bathroom apartments, two (2) studio apartments, one (1) two-bedroom / two-bathroom apartment, and one (1) one-bedroom / one-bathroom apartment with a private terrace.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$712 USD /SF

# OF UNITS

10

PRICE/UNIT

$575,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R7B/16C

APN/PARCEL ID

01072-0006

ASK ABOUT THIS PROPERTY

Brandon PolakoffAvison YoungMore Info
212-230-5998

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Brandon PolakoffAvison YoungMore Info
212-230-5998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.