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1647 Eighth Avenue
Brooklyn, NY 11215

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Property Details


List Price: $4,995,000
Beds: 11
Baths: 6
Status: Active
SqFt: --
Agency: Real Street Inc.

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Description/Comments


Lot Size: --
Property Type: Rental
Year Built: 1923
Notes: 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.
MlsNumber: 11207276


Listing Provided By: Real Street Inc., original listing
Name: Real Street Inc.
Phone: (718) 400-8776
Office Name: Real Street Inc.
Office Phone: (718) 400-8776
Agent Name: Sully Klein
Disclaimer: Copyright © 2024 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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