123 8TH Avenue
$5,199,999
MLS# RLS20123758 · Park Slope
Listed November 2, 2026 · New today
9 Beds 9 Baths
About This Property
Premier Nine-Unit Multifamily Investment OpportunityIdeally 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 established rental income and potential long-term appreciation.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 LocationLocated 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 EstateClarity You Can Act On. Results You Can Trust.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
- Smoke-free
Home features
- Washer/dryer in unit
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$32,152 / month
- Principal and interest$26,294
- Property taxes$5,858
Due at closing
- Down payment (20%)$1,040,000
- NYS “mansion tax” (2.25%)$117,000
- Mortgage recording tax (1.925%)$80,080
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
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Listing Courtesy of Douglas Elliman Real Estate
This 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.