REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 995,000
Est. payment /mo
Active
1969 West 8th ST Brooklyn, NY 11223
5 Beds
3 Baths
1,640 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,640 sqft
Price per Sqft $606
MLS Listing ID 501792
Style Duplex
Bedrooms 5
Full Baths 2
Year Built 1930
Annual Tax Amount $6,501
Property Sub-Type Single Family
Property Description
Rare investment opportunity in highly desirable Gravesend, Brooklyn! Listed below its official city valuation at $995,000, this meticulously maintained single-family property offers immediate built-in equity and stable, hassle-free income from day one, making it an exceptional turn-key asset for a 1031 exchange or a forward-thinking investor.
The main level features a massive, sun-drenched living room, a formal dining room, a full kitchen, one bedroom, a full bathroom, and direct access to a private outdoor patio. The second floor boasts an expansive primary bedroom, an additional spacious bedroom, and a pristine full bath. The ground floor / walk-in lower level provides a versatile, expansive footprint currently utilized as a home gym and massive storage area—perfect for a home office, recreation room, or media space.
The property is currently occupied by an exemplary, long-term tenant on a multi-year lease, ensuring immediate, reliable income and zero vacancy risk. Financials and lease details are available upon request to qualified buyers. Furthermore, the massive footprint provides excellent value-add conversion potential; similar layouts in the immediate area have been successfully converted into high-income, legal 2-family residences. Located just steps from premier Brooklyn transit, dining, and shopping, this is a secure, low-risk addition to any portfolio.
All future conversion potential, zoning requirements, and ground floor/walk-in usage are subject to the buyer's independent verification with a licensed architect and the NYC DOB.
The main level features a massive, sun-drenched living room, a formal dining room, a full kitchen, one bedroom, a full bathroom, and direct access to a private outdoor patio. The second floor boasts an expansive primary bedroom, an additional spacious bedroom, and a pristine full bath. The ground floor / walk-in lower level provides a versatile, expansive footprint currently utilized as a home gym and massive storage area—perfect for a home office, recreation room, or media space.
The property is currently occupied by an exemplary, long-term tenant on a multi-year lease, ensuring immediate, reliable income and zero vacancy risk. Financials and lease details are available upon request to qualified buyers. Furthermore, the massive footprint provides excellent value-add conversion potential; similar layouts in the immediate area have been successfully converted into high-income, legal 2-family residences. Located just steps from premier Brooklyn transit, dining, and shopping, this is a secure, low-risk addition to any portfolio.
All future conversion potential, zoning requirements, and ground floor/walk-in usage are subject to the buyer's independent verification with a licensed architect and the NYC DOB.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Zoning R5B
Rooms
Basement Finished, Full
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Siding, Vinyl Siding
Roof Type Flat,Shingle
Handicap Access No
Building
Story 2
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Ashford Homes LLC