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Nine-Unit Multifamily Portfolio
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For Sale
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186 South 8th Street, Brooklyn, NY 11211

Fully occupied free-market residences span two connected buildings with shared outdoor amenities and renovated interior finishes.

Property SizeContact for details
Days on Market5

Property Features for 186 South 8th Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%
Net Operating Income $831,363

Additional Details

Gross Income $881,294
Public Transit Yes
Multifamily Units 9

Amenities

shared landscaped courtyard
private terrace
roof deck
balconies

Building Details

Buildings 2
Stories 5
Listing Agency: SERHANT
Listed By: Jade Shenker · License #10401352442
Source: Crexi
Added: Sep 9 Changed: Sep 12 Last Checked: Sep 12 at 2:44PM

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 SERHANT

Investment Insights

Based on property information with market context.

This nine-unit multifamily holding includes two contiguous five-story buildings offered together as one property. All residences are free market and fully occupied. Interior features include exposed brick, hardwood flooring, generous ceiling heights, full-height windows, and renovated kitchens and bathrooms. Select units include private outdoor space, while the properties share a landscaped courtyard and include a private terrace, roof deck, and select balconies.

The property is located at 186 and 188 South 8th Street in South Williamsburg, near the Marcy Avenue J, M, and Z trains. Domino Park, Bedford Avenue, and Williamsburg dining, retail, and entertainment destinations are also nearby. The buildings benefit from Class 2A tax protection, with combined annual real estate taxes of $26,846.

Key Highlights

  • Nine‑unit multifamily portfolio comprising two contiguous five‑story buildings
  • All nine residences are free market and fully occupied
  • Class 2A tax protection with combined annual real estate taxes of $26,846

Property Analytics

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Current Use

jade 8 Condominium Complex One Eighty Six ... Real Estate Agency

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store Adult Day Care Home Appliance 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

9
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

7,892
Businesses Nearby

Demographics for 11211, NY

68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied free-market residences span two connected buildings with shared outdoor amenities and renovated interior finishes.
Where is this apartment building located?
The property is located at 186 South 8th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Nine‑unit multifamily portfolio comprising two contiguous five‑story buildings; All nine residences are free market and fully occupied; Class 2A tax protection with combined annual real estate taxes of $26,846
(786) 300-2869 Call to check price and availability
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