124 8Th St Brooklyn, NY 11215
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.