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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

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    Manhattan

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

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    Manhattan

Financing By

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