Brooklyn Residential Income
1969 W 8th Street Brooklyn, NY 11223
1969 W 8th Street, Brooklyn, NY, 11223
$995,000
For Sale
$995,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,640 SF
Lot Size0.04 Acres
Price / SF$606.71
Days on Market53
Property Features for 1969 W 8th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R5B
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2
- Patio and Porch features
- Patio, Porch
- Interior features
- A/C Unit - Wall, A/C Unit - Window, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,640 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6501
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Wood Frame
- Roof type
- Shingle, Flat
- Architectural style
- Other
Listing Agency
Ashford Homes LLC
(929) 364-1301
95 Guyon Ave, Staten Island, NY
Listed by
Siu Kei (Ken) Chan
(929) 364-1301
Added: May 27 Checked: Jul 18 at 1:06 am
MLS# 501792
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-family residential income property includes a main level with a living room, formal dining room, full kitchen, one bedroom, a powder room, and direct access to a private outdoor patio. The second floor offers a primary bedroom, an additional spacious bedroom, and a full bath. A ground-floor walk-in lower level provides a large versatile footprint currently used for a home gym and substantial storage.
The property is zoned R5B. It is currently occupied by a long-term tenant on a multi-year lease. Financials and lease details are available upon request to qualified buyers.
The listed home presents an additional flexible area on the ground-floor walk-in level, while any future conversion concepts and related eligibility would require the buyer’s independent verification with a licensed architect and the NYC DOB.
The property is zoned R5B. It is currently occupied by a long-term tenant on a multi-year lease. Financials and lease details are available upon request to qualified buyers.
The listed home presents an additional flexible area on the ground-floor walk-in level, while any future conversion concepts and related eligibility would require the buyer’s independent verification with a licensed architect and the NYC DOB.
Key Highlights
- Single‑family home built in 1930 with wood‑frame construction
- Hardwood and tile flooring with interior A/C units (wall and window) plus dishwasher and microwave
- Main level includes a living room with direct access to a private outdoor patio and a formal dining room
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $56.64 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $91.0k | $55.51 |
| − OpEx | −$41.0k | −$24.98 |
| NOI | $50.1k | $30.53 |
1,640 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$715.2K
$625.8K – $834.5K
NOI $50,067 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $95,054 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Single-family residence with a long-term tenant and a walk-in lower level used for gym and storage.
Where is this single family property located?
The property is located at 1969 W 8th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Single‑family home built in 1930 with wood‑frame construction; Hardwood and tile flooring with interior A/C units (wall and window) plus dishwasher and microwave; Main level includes a living room with direct access to a private outdoor patio and a formal dining room
