176 8Th StBrooklyn, NY 11211

This exceptional Class A, 8-unit apartment building at 176 N 8th St, Brooklyn, NY 11211, offers a compelling investment opportunity. Boasting 5,000 square feet on a 2,500 square foot lot, this four-story building (plus a full lower level) underwent a complete renovation in 2022. Each of the eight units features contemporary kitchens and bathrooms, updated flooring, high ceilings, and a private outdoor balcony. Seven units are free-market, while one two-bedroom unit will be delivered vacant. The vacant unit is rent-stabilized and currently in the owner's name. Building amenities include a laundry room, storage rooms, separate HVAC systems for each apartment, and a video intercom system. The property benefits from its prime location near subway access, the MTA, high-end restaurants, and highly efficient energy systems. With a $5,950,000 asking price, a $313,000 NOI, and a 5.26% cap rate, this property presents a strong return on investment. The price per unit is $743,750, and the price per square foot is $1,190. This meticulously maintained building is in excellent condition throughout, making it an ideal addition to any investment portfolio.