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Mixed-Use Corner Apartment Building
For Sale
Contact for pricing
Pending

71 8th Ave, Brooklyn, NY 11217

Five-story corner property with one commercial space and eight residential units, fully occupied.

Property SizeContact for details
Days on Market149

Property Features for 71 8th Ave

General Information

Standard status Pending
Property subtype Mixed Use
Occupancy 100%

Additional Details

Business Included Yes
Multifamily Units 8

Building Details

Stories 5
Tenancy Multi
Listing Agency: Silverline Realty Group
Listed By: Harry Bouzaglou · License #10991235105
Source: Crexi
Added: Apr 11 Changed: Sep 3 Last Checked: Sep 5 at 7:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Silverline Realty Group

Investment Insights

Based on property information with market context.

This five-story mixed-use corner building contains one commercial component and eight residential units, for nine units total. The property is currently fully occupied. Most of the residential units are configured as one-bedroom, one-bath layouts.

Situated on the corner of Eighth Avenue and Union St. in Park Slope, the building is described as being within walking distance of major cultural and transit destinations, including Prospect Park, Grand Army Plaza, Brooklyn Museum, Botanic Garden, and the B, Q, 2, 3, and 4 subway lines.

With corner positioning, the building benefits from significant window exposure. The offering also notes that the layout of a majority of units may support conversion to additional bedrooms.

Key Highlights

  • Five‑story corner mixed‑use building at the corner of Eighth Avenue and Union St.
  • 9 total units: 1 commercial space and 8 residential units; property is fully occupied.
  • Unit mix: 7 of the residential units are 1 bed / 1 bath with potential to be converted to two bedrooms.

Property Analytics

Current Use

Exhale Healing Arts: ... Alternative Medicine Practice Principal Physical Therapy Physician

Suggested Use

Top Pick Law Firm Accounting Firm Nursing Home Auto Parts Store Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

7,488
Businesses Nearby

Demographics for 11217, NY

42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-story corner property with one commercial space and eight residential units, fully occupied.
Where is this apartment building located?
The property is located at 71 8th Ave Brooklyn, NY.
What are key features of this property?
This property features: Five‑story corner mixed‑use building at the corner of Eighth Avenue and Union St.; 9 total units: 1 commercial space and 8 residential units; property is fully occupied.; Unit mix: 7 of the residential units are 1 bed / 1 bath with potential to be converted to two bedrooms.
More about this property
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