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Multifamily

719-723 8th Avenue

719 8th Ave, Brooklyn, NY 11215

Listing Price: $19,500,000

Cap Rate
5.03%
Number of Units
32
GRM
11.69
Price/Unit
$609,375
Price/Gross SF
$604.16
Gross SF
32,276

Investment Overview

Marcus & Millichap is pleased to offer 719-723 8th Avenue, located in the desirable Park Slope Extension Historic District of Brooklyn. Approximately 88% of the units are free-market, offering immediate income stability and additional rent growth potential. The 200-foot wraparound frontage offers exceptional light, air, and long-term curb appeal. 719-723 8th Avenue is situated in one of Brooklyn’s premier neighborhoods known for high renter demand, strong demographics, and proximity to Prospect Park and key transit lines.

Investment Highlights

  • 719-723 8th Avenue, built in 1905 spans 5 stories and is comprised of 32 units, approx. 32,276 SF.
  • Lot: 100' x 100' | Substantial 200 ft Wraparound Frontage | Tax Class: 2 | Zone: R7B
  • 719-723 8th Avenue benefits from convenient access to multiple subway lines and bus routes, ensuring easy connectivity to Manhattan and other Brooklyn neighborhoods.

Exclusively Listed By

Financing By

Multifamily

719-723 8th Avenue

Listing Price: $19,500,000

Cap Rate
5.03%
Number of Units
32
GRM
11.69
Price/Unit
$609,375
Price/Gross SF
$604.16
Gross SF
32,276

Investment Highlights

  • 719-723 8th Avenue, built in 1905 spans 5 stories and is comprised of 32 units, approx. 32,276 SF.
  • Lot: 100' x 100' | Substantial 200 ft Wraparound Frontage | Tax Class: 2 | Zone: R7B
  • 719-723 8th Avenue benefits from convenient access to multiple subway lines and bus routes, ensuring easy connectivity to Manhattan and other Brooklyn neighborhoods.

Investment Overview

Marcus & Millichap is pleased to offer 719-723 8th Avenue, located in the desirable Park Slope Extension Historic District of Brooklyn. Approximately 88% of the units are free-market, offering immediate income stability and additional rent growth potential. The 200-foot wraparound frontage offers exceptional light, air, and long-term curb appeal. 719-723 8th Avenue is situated in one of Brooklyn’s premier neighborhoods known for high renter demand, strong demographics, and proximity to Prospect Park and key transit lines.

Exclusively Listed By

Financing By

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