Description

Turn-Key Multi-Family Investment Opportunity in Prime Park Slope
211 8th Avenue is a pre-war, recently gut renovated, multi-family building within the Park Slope Historic District and nestled just one street away from Prospect Park & bustling 7th avenue corridor filled with shops, restaurants, cafes and local conveniences.
The property has gone through a meticulous $3.5M renovation and has an attractive mix of 17 top market rentals along with 1 rent controlled tenant. 17 units were completely re-imagined with condo level finishes throughout, including hallways, entryways, stairwells & basement.
211 8th Avenue has been completely reinvented to fit today's lifestyle less than two years ago. Unit features include Select satin finished oak flooring, Custom two-tone white and brown trim lacquer cabinetry, Quartz countertops, open living & dining concepts, spa-style Carrera marble bathrooms. Features also include stainless steel GE appliances, Alpha video home security, Fujitsu energy efficient split heating/cooling systems, Legrand USB/Power outlets, ample closet space, laundry and bike storage.
Perfectly situated in the highly desirable Park Slope Historic District and is just one street away from Prospect Park West. Public transportation is easily accessible with the F, G, 2 & 3 lines just a short stroll away. The building has an annual gross rent potential of $655,000. Whether you are looking for a long term investment or potential condo conversion, 211 8th Avenue is a unique opportunity to own a trophy landmark just a street from coveted Prospect Park.
Full financial setup available upon request*
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Building Features 4 Floors18 Units

bike room
courtyard
laundry
pet friendly

Unit Features

Exposures: South, West
Pet Policy: No pets

$9,875,000

Listed on Jan 18, 2021

155 Days on Market

2 Beds / 1.0 Bath / - ft²

Total Monthly expenses: $6,818

Maintenance: - / R.E. Taxes $6,818

Other Details:

-

Lot Size: 34.5' x 117.83' Built: 34.5' x 87.0'

Zoning: -

Exclusively listed with: The Corcoran Group Source: RLS

Daniel
Kandinov

daniel.kandinov@corcoran.com

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Natalia
Kaminskaya

natalia.kaminskaya@corcoran.com

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Listing Courtesy of The Corcoran Group View Listing

Unit listing history

Date Status Amount Listed by Owner Name
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