1969 W 8th St, Brooklyn, NY 11223

Rare Gravesend Investment Opportunity | Listed Below NYC Assessment Welcome to this meticulously maintained, high-value single-family property in prime Gravesend, Brooklyn. Offered at $995,000—more than $50,000 below the current NYC Department of Finance market valuation ($1,046,000)—this property delivers immediate built-in equity and stable, turn-key income from day one. Ideal for 1031 exchange buyers or savvy investors looking for a secure, hassle-free addition to their portfolio. Property Layout & Highlights: First Floor: Sun-drenched, expansive living room, formal dining area, full kitchen, 1 bedroom, full bathroom, and direct access to a private outdoor patio. Second Floor: Massive primary bedroom, generous second bedroom, and a pristine full bathroom. Ground Floor / Walk-In: Highly versatile lower level currently utilized as a home gym and expansive storage rooms—ideal for a home office, recreation room, or media space. Investment & Value-Add Potential: Reliable Income Stream: Occupied by an exemplary, long-term tenant on a multi-year lease, ensuring immediate, locked-in cash flow with zero vacancy risk. Full lease terms and financial records available upon request to qualified buyers. Future Conversion Potential: The generous footprint offers excellent future value-add upside. Similar properties in the immediate area have been successfully converted into legal, high-income 2-family residences. Prime Location: Situated moments from premier local dining, retail, and major Brooklyn transit options. Disclaimers: 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.