124 8Th St Brooklyn, NY 11215
- Commercial real estate
- 1,800 SF
Current Use by Public Records
- Commercial real estate
Property Details for 124 8Th St
- Property size
- 1,800 SF
- Property type
- Commercial real estate
Description
This 3-story, 1,800 square foot apartment building is situated on 8th Street in Brooklyn's Gowanus neighborhood, between 2nd and 3rd Avenues. The 22-foot wide walk-up building is currently configured as a legal two-family dwelling, offering significant potential for conversion into a single-family home. Its prime location benefits from the Gowanus Neighborhood Rezoning, driving high demand for residential units and fueling continued rent growth. The property enjoys excellent accessibility, being just 1.5 blocks from the 9th Street subway station (lines and ) and the 4th Avenue-9th Street station (lines and ). Furthermore, its proximity to the Brooklyn-Queens Expressway provides easy access to the Belt Parkway, Brooklyn Bridge, and Manhattan Bridge for those who travel by car. The ongoing transformation of Gowanus from an industrial area to a vibrant residential neighborhood presents a compelling investment opportunity. This building offers a unique blend of location, size, and potential, making it an attractive prospect for both owner-occupants and investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9918304
- Latitude
- 40.6725506
