$4,995,000

1647 Eighth Avenue MF , Brooklyn, NY 11215

 
Bedrooms:11 beds
Bathrooms:6 baths
Residential Lease:0 sqft
Lot:0
Year Built:1923
Listing Status:Active

Listing Agent

Sully Klein
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Located in the coveted neighborhood of Park Slope just around the corner from Prospect Park, 1647 8th Ave represents an investor with the opportunity to acquire a cash flowing hassle free investment property with 100% rent collectinos and plenty of future upside. The current rent roll is below market rents with COVID pricing on many of the units, this adds a value add component for increasing rents significantly as the leases expire. Rents in the area have seen an increase of more then 30% from a year ago, and we have just leased out unit #2B at a 37% increase from a year ago. The building is also in a proected class tax ensuring that the taxes increases will be limited.Located in Prime Park Slope Location around the corner from Prospect Park, the F/G subway lines, and a block from 7th Ave the commercial corridor which Park Slope is famous for.The building benefits from a shared yard, a tenants lounge, storage cages, and laundry allaccessable from the common basement of the building.Configured as 5 two bedroom units and one 1 bedroom unit all featuring their own hot water tanks and split unit HVAC systems minimizing the owners expenses.*Please confrim with all applicable professionals as Real Street Inc makes no representation beyond what owners have relayed.

Detailed Items

Other Information

1647 Eighth Avenue, Brooklyn, NY, 11215 is a residential lease listing of 0 sqft on a lot of 0. This residential lease listing has 11 bedrooms, and 6 baths. The map for this location can be viewed on Google maps at Google maps to property1647 Eighth Avenue, Brooklyn, NY
Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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