Building Overview

  • Asking Price $5,750,000
  • Total Square Footage 8,076 SF
  • Total Units 10
  • Neighborhood Park Slope

Avison Young, as the exclusive agent, is pleased to offer for sale 121 8th Avenue (the “Property”), a 4-story mixed-use walk-up building featuring 91’ of wraparound frontage on the southeast corner of 8th Avenue and Carroll Street in Park Slope. The Property sits on a 3,440 square foot lot, spans approximately 8,076 ± square feet, and consists of nine (9) residential units above one (1) ground floor medical office. The medical office is currently vacant and offers multiple repositioning strategies.The residential units include eight (8) free-market and one (1) rent-stabilized unit. The residential units are comprised of five (5) one-bedroom / one-bathroom apartments, two (2) studio apartments, one (1) two-bedroom / two-bathroom apartment, and one (1) one-bedroom / one-bathroom apartment with a private terrace. 

Highlights

89% Fair Market

Corner of 8th Avenue and Carroll Street, adjacent to Prospect Park

Recently renovated free-market units featuring high ceilings, modern finishes, hardwood floors, and stainless-steel appliances
Proximity to the B/Q/2/3 Trains

Expansive parking lot and vacant lower level medical office with multiple repositioning strategies

The property offers Tax Class 2B designation, limiting assessment increases to 8% annually or 30% over five years

Location Map

Team

Brandon Polakoff

Brandon Polakoff

Principal, Head of NYC Investment Sales
Avison Young - US - NY - New York
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York
Miles Davis-Bosch

Miles Davis-Bosch

Senior Associate
Avison Young