571 8th Street
Brooklyn, NY 11215
Cross street:8th Avenue

Building

Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: income-property
Rooms: 21
Bedrooms: Studio

Financials

Price:$3,100,000
Real estate tax:$30,180
Listing Courtesy of Compass

Rare Generational Opportunity First Time Offered in Over 50 Years Offered for the first time in more than half a century, this well maintained six family building is situated on ...

Description

Rare Generational Opportunity – First Time Offered in Over 50 Years Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the area’s most desirable residential settings. The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals. The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location. Offering Memorandum available upon request.

Amenities

  • Basement
  • Voice Intercom

Neighborhood

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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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.