Updated a day ago
123 8th Ave
Park Slope, Brooklyn | Montgomery Place & Carroll Street
10 Rooms8 Beds6,667 Square FeetIncome Property
$5,199,999
floors / apts5 / 9
Lot Size23'x112'
Built Size23'x50'
ZoneR7B
Building TypeTownhouse
RE Taxes$70,296
Price Per SF
$780
Building Amenities
- Voice Intercom
Property Description for 123 8th Ave
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
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Listing History for 123 8th Ave
Now
11/02/2026
$5,199,999
Initial Price by Peter Mancini
Douglas Elliman
03/04/2026
POM by Peter Mancini
Keller Williams Realty Empire
Building Details for 123 8th Ave
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1885
Floors/Apts5/9
Transit and Citi Bike
Subway
Grand Army Plaza
0.27 miles
7 Av
0.36 miles
Eastern Pkwy-Brooklyn Museum
0.5 miles
Citi Bike
Garfield Pl & 8 Ave
0.08 miles
Grand Army Plaza & Plaza St West
0.17 miles
Park Slope | Brooklyn
Quick Profile
Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.
Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?).
Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church.
Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway).
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 102215TH
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