Note: the above is based on a down payment of 20% ($900,000),
which is the minimum amount permitted by the building.
Description
This 8-family property is located near the subway in Park Slope, on the 8th avenue corridor, moments from trains, park and stores. 805 8th is in excellent condition and one block away from the F and G trains. The building sits on a 23 x 90-foot lot and is built 23 x 79 feet.
Currently the building has approximately 5,576 square feet of residential space with a 1-bedroom and seven 2-bedroom apartments. Two of the 2-bedroom apartments are currently vacant. The current rent roll is $163,000 with a conservative pro forma of $239,784.
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