571 8Th Street - Apartments FOR SALE


Brooklyn, NY 11215- Park Slope
$3,100,000 USD
203-858-5789
571 8Th Street, Brooklyn, NY for Sale
$3,100,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

571 8Th Street
Brooklyn, NY 11215
Park Slope


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

6

PRICE/UNIT

$516,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

571 8th Street, Brooklyn, NY 11215

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R7B

APN/PARCEL ID

01089-0045

ASK ABOUT THIS PROPERTY

Ian MednickCompassMore Info
203-858-5789

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

Ian MednickCompassMore Info
203-858-5789

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