704 8TH AVENUE

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Address: 704 8th Ave, Brooklyn, NY 11215, USA
New York & Tri-State + Apartment Buildings
Created date: August 28, 2026
Date last updated: August 28, 2026
Price: $9,850,000Investment Analyzer NEW!

Property Description

Investment Property Realty Group (IPRG) is pleased to present 704 8th Avenue, a 13,531 SF, 15-unit mixed-use property located at the corner of 8th Avenue and 7th Street in Park Slope, Brooklyn. The building measures approximately 38 ft. x 93 ft. across four stories. The property includes 13 residential units (9 free market and 4 rent stabilized) and 2 medical retail tenants (Podiatrist and Orthopedics) located directly across the street from New York-Presbyterian Brooklyn Methodist Hospital. Major renovations have been completed, including: • Full gut renovations on multiple residential units with new leveled flooring, panel-ready kitchens with stainless steel appliances, new bathroom tiling and fixtures, split-system HVAC, recessed lighting, and new doors/hardware. • Building-wide electrical upgrade. • Common area improvements (tiling, flooring, lighting, painting, and landing designs). Current gross income is approximately $958K, with pro forma gross income of $977K. At the $9,850,000 asking price, the property offers a 6.77% pro forma cap rate.
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Broker Details

Investment Property Realty Group
Investment Property Realty Group

IPRG 718-360-8801

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Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $9,850,000
No. of Units: 15
Building Size: 13,531 Sq ft
Zoning Code: R7B
Opportunity Zone: No
Price per unit: $656,667
Address: 704 8th Ave, Brooklyn, NY 11215, USA

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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