1647 8th Ave, Brooklyn, NY 11215

Located in the coveted neighborhood of Park Slope just around the corner from Prospect Park, 1647 8th Ave represents an investor with the opportunity to acquire a cash flowing hassle free investment property with 100% rent collections and plenty of future upside. The current rent roll is below market rents with COVID pricing on many of the units, this adds a value-added component for increasing rents significantly as the leases expire. Rents in the area have seen an increase of more than 30% from a year ago, and we have just leased out unit #2B at a 37% increase from a year ago. The building is also in a protected class tax ensuring that the tax increases will be limited.

Located in Prime Park Slope located around the corner from Prospect Park, the F/G subway lines, and a block from 7th Ave the commercial corridor which Park Slope is famous for.

The building benefits from a shared yard, a tenant lounge, storage cages, and laundry all

accessible from the common basement of the building.

Configured as 5 two-bedroom units and one 1 bedroom units all featuring their own hot water tanks and split unit HVAC systems minimizing the owner’s expenses.

*Please confirm with all applicable professionals as Real Street Inc. makes no representation beyond what owners have relayed.