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Property profile & analytics
FOR SALE
Duplexes

124 8Th St Brooklyn, NY 11215

1,800 SF
Property ID
US63-0922105
Property summary
AI-generated overview

Avison Young As the exclusive agent is pleased to offer the sale of 124 8th Street (the “property”) in Gowanus. 124th 8th is a 3-story, 22’ wide walk-up spanning 1,800 SF located on the south side of 8th Street between 2nd Avenue and 3rd Avenue. The property is configured as a legal 2-family spanning 3-stories. The property’s location and size are ideal for an end-user as a single-family home conversion. As a result of the Gowanus Neighborhood Rezoning, the submarket is undergoing a dramatic transformation. The continued rent growth spurs high demand for new construction residential rentals and condominiums. New development has transformed the once industrial sub market, working its way from large-scale developments along the Gowanus Canal and Avenues, to boutique developments along the side streets. The Property boast high accessibility located just 1 ½ blocks from the 9th Street Subway Station servicing the train and the 4th Avenue-9th Street Station, servicing the and trains. For those traveling by car, the property is just a few blocks from the Brooklyn-Queens Expressway, providing direct access to the Belt Parkway, as well as the Brooklyn and Manhattan Bridges.

Property profile
Verified
Property type Duplexes
Total area 1,800 SF
UPID US63-0922105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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