207 8th Ave
Prime Location - Turnkey Park Slope 16-Unit Multifamily | $171k/Door
Marketing description
Park Slope 16-Unit Multifamily |
The Offering 207 8th Avenue is a fully occupied 16-unit multifamily property in the Park Slope Historic District. Priced at $2,750,000, the asset offers an acquisition basis of $171,875 per unit and roughly $263 per square foot.
The Financial Profile The property delivers a true Net Operating Income of $147,567. The building is 100% occupied and operates with an efficient expense profile. At this valuation, the asset can support conventional local financing with positive leverage.
The Asset & Location Spanning 10,444 square feet, the building is situated on 8th Avenue, steps from Grand Army Plaza, Prospect Park, and Methodist Hospital. For a yield-focused investor or a 1031 Exchange buyer, the property provides immediate, debt-serviceable cash flow and stable capital preservation in a high-demand, supply-constrained neighborhood.
Property Highlights:
- Asking Price: $2,750,000
- Units: 16 (100% Occupied)
- Net Operating Income (NOI): $147,567
- Cap Rate: 5.36%
- Price Per Unit: $171,875
- Price Per SF: ~$263
- Building SF: 10,444 SF
- Location: Prime 8th Avenue, close proximity to Prospect Park and transit.
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