Single-Family Residence with Private
1969 W 8th Street Brooklyn, NY 11223
For Sale
$995,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,640 SF
Lot Size0.04 Acres
Price / SF$606.71
Days on Market58
Property Features for 1969 W 8th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R5B
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 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
- Finished, Full
- 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
- Tile, Hardwood
- Building materials
- Wood Frame
- Roof type
- Shingle, Flat
- Architectural style
- Other
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Siu Kei (Ken) Chan
(929) 364-1301
Added: May 27
Changed: Jul 21
Last Checked: Jul 23 at 8:06PM
MLS# 501792
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 residence offers a multi-level layout with clear separation of everyday living and flexible space. The main level includes a living room, formal dining room, full kitchen, one bedroom, a full bathroom, and direct access to a private outdoor patio. The second floor features an expansive primary bedroom, an additional bedroom, and a full bathroom. A ground floor/walk-in lower level provides a versatile footprint currently used as a home gym and large storage area, which may also support a home office, recreation room, or media space, subject to buyer verification.
The property is located at 1969 W 8th Street in Brooklyn, NY (11223). It is currently occupied by a long-term tenant on a multi-year lease, providing ongoing rental income. The listing also notes potential value-add conversion opportunities based on similar nearby layouts, with all future conversion potential, zoning requirements, and lower-level use subject to the buyer’s independent verification with a licensed architect and the NYC DOB.
Zoned R5B, the home is presented as a turn-key option for buyers seeking an income-producing single-family asset, with financials and lease details available upon request to qualified buyers.
The property is located at 1969 W 8th Street in Brooklyn, NY (11223). It is currently occupied by a long-term tenant on a multi-year lease, providing ongoing rental income. The listing also notes potential value-add conversion opportunities based on similar nearby layouts, with all future conversion potential, zoning requirements, and lower-level use subject to the buyer’s independent verification with a licensed architect and the NYC DOB.
Zoned R5B, the home is presented as a turn-key option for buyers seeking an income-producing single-family asset, with financials and lease details available upon request to qualified buyers.
Key Highlights
- Single‑family home built in 1930 with wood‑frame construction and shingle/flat roof
- 5‑bedroom layout with 3 full bathrooms
- Main level includes living room, formal dining room, full kitchen, 1 bedroom, full bath, and direct access to a private patio
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
FAQs
What type of property is this?
Single family property - Single-family home in R5B zoning, currently leased long-term, with a private patio and multi-level living and workspace.
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 and shingle/flat roof; 5‑bedroom layout with 3 full bathrooms; Main level includes living room, formal dining room, full kitchen, 1 bedroom, full bath, and direct access to a private patio
