124 8th Street
Multifamily
Marketing description
Avison Young As the exclusive agent is pleased to offer the sale of 124 8th Street (the “property”) in Gowanus. 124th 8th is a 3-story, 22’ wide walk-up spanning 1,800 SF located on the south side of 8th Street between 2nd Avenue and 3rd Avenue. The property is configured as a legal 2-family spanning 3-stories. The property’s location and size are ideal for an end-user as a single-family home conversion.
As a result of the Gowanus Neighborhood Rezoning, the submarket is undergoing a dramatic transformation. The continued rent growth spurs high demand for new construction residential rentals and condominiums. New development has transformed the once industrial sub market, working its way from large-scale developments along the Gowanus Canal and Avenues, to boutique developments along the side streets.
The Property boast high accessibility located just 1 ½ blocks from the 9th Street Subway Station servicing the train and the 4th Avenue-9th Street Station, servicing the and trains. For those traveling by car, the property is just a few blocks from the Brooklyn-Queens Expressway, providing direct access to the Belt Parkway, as well as the Brooklyn and Manhattan Bridges.
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