1647 Eighth Avenue
Brooklyn,
NY
11215
Property Details
List Price: |
$4,995,000 |
Beds: |
11 |
Baths: |
6 |
Status: |
Active |
SqFt: |
-- |
Agency: |
Real Street Inc. |
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 |
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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. |