About this home

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 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 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.

Facts and features

Schools

• Ps 321 William Penn

  elementary · K-5 · 0.2 mi

  9

• The Montessori School of New York - Brooklyn

  elementary · K-6 · 0.0 mi

• Cyberarts Studio Academy

  high · 9-12 · 0.3 mi

  4

• Park Slope Collegiate

  middle · 6-12 · 0.3 mi

  3

• The Cathedral School Of Brooklyn

  elementary · PK-5 · 0.1 mi

• Poly Prep Lower School

  elementary · PK-4 · 0.2 mi

Price history

• Nov 3, 2026 · Listed$5,199,999

Where it is