1501 8th Avenue — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11215

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1501 8th Avenue is a fully renovated, corner mixed-use building positioned at the intersection of two well-traveled Park Slope blocks. The corner location provides strong visibility, excellent light, and a clear separation between the residential and commercial components, while placing the property within close proximity to Prospect Park, multiple subway lines, and the neighborhood’s core retail corridors. The building has been thoughtfully renovated throughout, delivering a true finished product. The residential units feature modern layouts, high-quality kitchens and bathrooms, and strong natural light, allowing them to compete at the top of the Park Slope rental market without requiring additional capital work. The condition of the building supports stable operations from day one. At the street level, the corner retail benefits from frontage, foot traffic, and exposure that materially exceed typical mid-block assets. Current rent at the corner deli is well below market for the location, creating a clear path to meaningful upside as leases roll. The retail component adds an additional value-add component down the road on top of what is already a great deal. Investment Highlights: • 1501 8th Avenue, built in 1920, spans 3 stories and is comprised of 6 mixed use units, approx. 6,328 SF • Tax Class: 2A | Zoning: R6B | 100% Free Market Residential Units • 1501 8th Avenue is within close proximity to Prospect Park, multiple subway lines (F & G Lines), and the neighborhood's core retail corridors.

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 101 days. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

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