Multi-Level Single-Family Home with
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 Market52
Property Features for 1969 W 8th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R5B
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3
- 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 17 at 10:06 pm
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 multi-level single-family home features a spacious interior and a private outdoor patio. On the first floor, it includes a large living room, formal dining room, full kitchen, a half bath, a bedroom, and direct access to the patio. The second floor provides a massive primary bedroom, an additional spacious bedroom, and a full bath. The walk-in lower level is currently set up as a dedicated home gym with extensive storage space, creating flexibility for recreation, a home office, or media use.
The property is zoned R5B and is currently occupied. The seller notes potential for a value-add conversion to a high-income 2-family residence; however, any conversion and the lower-level usage are subject to the buyer’s independent verification with a licensed architect and the NYC DOB.
Located in Brooklyn, the home is described as being near transit, dining, and shopping.
The property is zoned R5B and is currently occupied. The seller notes potential for a value-add conversion to a high-income 2-family residence; however, any conversion and the lower-level usage are subject to the buyer’s independent verification with a licensed architect and the NYC DOB.
Located in Brooklyn, the home is described as being near transit, dining, and shopping.
Key Highlights
- Single‑family home built in 1930 with wood‑frame construction
- Multi‑level layout with up to 5 bedrooms and 3 full bathrooms plus a half bath
- Kitchen and laundry amenities include dishwasher, microwave, refrigerator, stove, washer, and dryer
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 - Multi-level single-family home with private patio and walk-in lower level currently used as a home gym.
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; Multi‑level layout with up to 5 bedrooms and 3 full bathrooms plus a half bath; Kitchen and laundry amenities include dishwasher, microwave, refrigerator, stove, washer, and dryer
