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123 8th Ave
Park Slope, Brooklyn | Montgomery Place & Carroll Street
10 Rooms8 Beds6,667 Square FeetMulti-Family
$4,999,999
$4,999,999
Updated 6 months ago
Off Market

123 8th Ave

Park Slope, Brooklyn | Montgomery Place & Carroll Street

10 Rooms8 Beds6,667 Square FeetMulti-Family

$4,999,999
floors / apts4 / 9
Lot Size23'x112'
Built Size23'x50'
ZoneR7B
Building TypeTownhouse
RE Taxes$65,412
Price Per SF
$750

Building Amenities

  • Voice Intercom

Property Description for 123 8th Ave

Located just steps from Prospect Park in the heart of Park Slope, 123 8th Avenue is a well-maintained 9-unit multifamily building offering both strong in-place income and long-term upside. This classic Brooklyn asset includes a balanced unit mix of five (5) one-bedroom apartments, two (2) two-bedroom apartments, and two (2) studio apartments. The property features seven free market units and two rent-stabilized units. All residences have been recently renovated and are in excellent condition, with layouts ranging from approximately 550 to 1,000 square feet. Current gross monthly income is $33,350, totaling over $400,000 annually. Operating expenses include $750/month for electric and gas, approximately $12,000 annually for water, and real estate taxes of $65,412 per year. Additional expense details and supporting financial documentation are available upon request. This is a prime turnkey opportunity for investors seeking a stabilized, cash-flowing asset in one of Brooklyn’s most desirable neighborhoods. Surrounded by top-rated schools, transportation, shopping, and dining—and just moments from Prospect Park—123 8th Avenue represents a rare blend of location, condition, and rental income potential.

Listing History for 123 8th Ave

Now
03/04/2026
POM by Peter Mancini
Keller Williams Realty Empire
02/03/2026
New Agency by Peter Mancini
Keller Williams Realty Empire
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Building Details for 123 8th Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1885
Floors/Apts4/9
Learn More About the Building

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

Contact Agent

Contact Agent

Licensed As
Peter Mancini
Associate Broker
License#:
10301219891
Company:
Keller Williams Realty Empire
Peter Mancini
Keller Williams Realty Empire

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). 

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Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
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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