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1647 8th Avenue #MF

South Slope, Park Slope, South Brooklyn, Brooklyn, 11215
$4,995,000
Posted 4 days ago, Immediate Move-In
bedrooms
11 Bed
bathrooms
6 Bath
Listing by Sully Klein, Real Street
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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.
AMENITIES
Central A/c
MAP
PARK SLOPE

On the west side of Prospect Park, wedged between Prospect Heights and Gowanus, lies Park Slope, the chill neighborhood beloved by young professionals and artists. This quiet neighborhood is full of fun bars, restaurants, and unique stores, all of which make living here a lot of fun.

Fun Facts and History of Park Slope

Park Slope started out its life as many New York neighborhoods did: as farmland. However, this farmland would soon see trouble, as it was where the majority of The Battle of Long Island was fought during the American Revolution. After the war, Park Slope would remain farmland until roughly 1839, when the Brooklyn grid system was drawn up. Farmers sold their land to the new city of Brooklyn and row houses were soon built.

Park Slope was slow to develop since the area was hard to get to in the 1800's. The neighborhood itself didn't see much construction until the 1840's and 50's. However, Prospect Park was soon in development in the 1860's and 70's, leading to an…

Park Slope Apartments, 11215 Apartments

LISTING QUALITY
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RENTHOP DESCRIPTION
The apartment is a unit offered at a monthly price of $4,995,000. The person posting the listing did not specify that any pets were allowed. It may be the case that pets are ok and the manager simply has not yet filled out all the details.

We have 10 photos of this particular unit, building, and surrounding areas.
See available units at 1647 8th Avenue.
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View Original Listing by Real Street Inc. (718) 400-8776
MLS ID: 11207276
Address: 1647 Eighth Avenue, Brooklyn, NY, 11215
Listing Status: Active
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.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
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