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Street View
$5,199,999
Monthly Est:$25,882
9 Beds
9 Baths9 full baths
1,150sqft
123 8th Avenue, New York City, NY 11215
$5,199,999
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Multi Family
Built in 1885
$-- HOA
2,576 sqft lot
$4,522/sq.ft
Description
Premier Nine-Unit Multifamily Investment Opportunity Ideally situated just moments from Prospect Park in the heart of Park Slope, 123 8th Avenue presents an exceptional opportunity to acquire a well-maintained nine-unit multifamily property in one of Brooklyn's most established and desirable residential neighborhoods. This classic Brooklyn building offers a thoughtfully balanced unit mix consisting of five (5) one-bedroom apartments, two (2) two-bedroom apartments, and two (2) studio residences. The property includes six (6) free-market apartments and three (3) rent-stabilized apartments, providing a combination of establ
The residences have been recently renovated and are maintained in excellent condition, offering attractive living spaces in a neighborhood known for its historic architecture, vibrant community, and enduring rental demand.
Investment Highlights
- Total Residential Units: 9
- Unit Mix: 5 one-bedroom, 2 two-bedroom, and 2 studio apartments
- Rental Classification: 6 free-market and 3 rent-stabilized apartments
- Gross Monthly Rental Income: $33,350
- Gross Annual Rental Income: $400,200
Reported Operating Expenses
- Real Estate Taxes: $65,412 annually
- Water: Approximately $12,000 annually
- Electric and Gas: Approximately $750 monthly ($9,000 annually)
Additional operating expenses, rental information, and supporting financial documentation are available upon request.
An Exceptional Park Slope Location
Located by Prospect Park, 123 8th Avenue offers residents convenient access to neighborhood restaurants, boutique shopping, cultural attractions, education institutuions, and public transportation. Park Slope continues to attract residents seeking the unique combination of classic Brooklyn charm, neighborhood amenities, and accessibility to Manhattan.
For investors seeking an established income-producing property in a premier Brooklyn location, 123 8th Avenue offers a compelling combination of location, residential demand, and long-term investment potential.
Exclusively Presented by Douglas Elliman Real Estate
Clarity You Can Act On. Results You Can Trust.
- Houzeo last checked: 13 minutes ago
- Listing updated: November 2, 2026 at 7:37 pm
- Listing Provided by: Peter Mancini (917) 916-5126 | Douglas Elliman Real Estate (212) 891-7000
- Source: Rebny MLS-NY | MLS#: RLS20123758
Property Details
Status
Active
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
--
Year Built
1885
HOA Fees
-
Finished Area
1,150 sqft
Lot Size
2,576 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20123758
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 9
Interior
Appliances
Washer Dryer Allowed
Interior Features
Smoke Free
Exterior Features
None
Utilities & Energy
Laundry Features
Building Other, Washer Hookup, In Unit
Pool Features
Building None
Basement
Other
Other Features
Patio And Porch Features
None
Subdivision Name
Park Slope
Price History
| Date | Event | Price |
|---|---|---|
11/02/2026 Source: | Listed for Sale | $5,199,999 $4,522/sqft |
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The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Nov 04, 2026, 07:00AM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.
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