123 8th Avenue
MLS® #RLS20041506
Listing by PEN REALTY LLC
8
Bedrooms
0
Bath
6,667
Sq. Ft.
1885
Year Built
Quick Summary
Property Highlights
- Style: Prewar,WalkUp architecture
- Character: Pre-war building (1885)
Property Details
Description
Located just steps from Prospect Park in the heart of Park Slope, 123 8th Avenue is a well-maintained 9-unit multifamily building offering both strong in-place income and long-term upside. This classic Brooklyn asset includes a balanced unit mix of five (5) one-bedroom apartments, two (2) two-bedroom apartments, and two (2) studio apartments. The property features seven free market units and two rent-stabilized units. All residences have been recently renovated and are in excellent condition, with layouts ranging from approximately 550 to 1,000 square feet. Current gross monthly income is $33,350, totaling over $400,000 annually. Operating expenses include $750/month for electric and gas, approximately $12,000 annually for water, and real estate taxes of $65,412 per year. Additional expense details and supporting financial documentation are available upon request. This is a prime turnkey opportunity for investors seeking a stabilized, cash-flowing asset in one of Brooklyn’s most desirable neighborhoods. Surrounded by top-rated schools, transportation, shopping, and dining—and just moments from Prospect Park—123 8th Avenue represents a rare blend of location, condition, and rental income potential.
Features & Amenities
Interior Features
Building Information
Financial Details
About Park Slope
View All Park Slope ListingsPark 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.
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Location
123 8th Avenue, Park Slope, Kings County • Near Montgomery Place/Carroll Street
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Map & Location
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Listing Courtesy of PEN REALTY LLC - Peter Mancini
Listing Contact: 9179165126
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RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 6:46 AM UTC