Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
571 8th Street
Interested in this property?
Active For Sale Multi Family

$3,100,000

$500 per sq ft

571 8th Street

Park Slope, Brooklyn

MLS® #RLS20067198

RLS at REBNY

Listing by Compass

12

Bedrooms

6

Baths

6,196

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 12
Bathrooms 6
Living Area 6,196 sq ft
Year Built 1920
Ownership None
Property Taxes $30,180/yr
Neighborhood Park Slope
Floor 1 of 4

Property Highlights

  • Style: WalkUp architecture
  • Character: Pre-war building (1920)

Property Details

Type Multi Family
Ownership None
Total Rooms 21
Baths 6 Full
Floor 1 of 4
Pets Yes
Year Built 1920
Living Area 6,196 sq ft
Architectural Style WalkUp
Structure Type MultiFamily
Furnished Unfurnished
Basement Full
Parcel # 01089-0045
Block/Lot 01089/0045

Listing History

Event Date Price Change
Listed Jan 15, 2026 $3,100,000 -
Currently May 5, 2026 $3,100,000 -

Description

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.

Features & Amenities

Interior Features

High Ceilings See Remarks

Building Information

Building Data View Compliance & Permits
Total Units 6
Stories 4
Structure MultiFamily
Style WalkUp

Financial Details

RE Taxes $30,180/yr ($2,515/mo)

Park Slope is a well-known Brooklyn neighborhood, recognized for its tree-lined streets and preserved brownstones. Bordering the western edge of Prospect Park, the neighborhood offers convenient access to green space. The real estate market features a mix of historic townhouses, cooperatives, and modern condominiums, within walking distance of the park.

Park Slope Live Market Data

View Neighborhood

Active Listings

114

Median Asking Price

$1.67M

Median $/Sqft

$1,391

Avg Days on Market

N/A

New This Week

17

Price Reduced

15%

Sold (30 Days)

24

Median Sale Price

$1.58M

Live data from RLS at REBNY • Updated 5/5/26, 10:25 AM EST

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Location

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571 8th Street, Park Slope, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1909
Year Built
117 years old
4
Floors
6
Residential Units
R7B
Zoning District
Walk-Up Apartments Historic District: Park Slope Historic District

Tax & Assessment

Assessed Value: $1,149,750
Land Value: $13,950
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,250 SF
Building Area: 6,196 SF
Built FAR: 2.75
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $30,180, or roughly $2,515 per month. Verify the current assessment with your attorney before closing.

This property has 12 bedrooms and 6 full bathrooms.

The listed interior living area is 6,196 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

This listing is None

Pet policy requires confirmation with the listing broker.

At the current list price of $3,100,000 for 6,196 sq ft, the asking price per square foot is approximately $500. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20067198
First Listed: 1/15/2026
On Market: 1/15/2026
Price Changed: 1/15/2026
Contract Date: 10/23/2025

Listing Courtesy of Compass - Ian Mednick

Listing Contact: (203) 858-5789

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/5/2026 at 2:25 PM UTC

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