Rare Generational Opportunity – First Time Offered in Over 50 Years
Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the area’s most desirable residential settings.
The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals.
The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location.
Offering Memorandum available upon request.
In contract
$3,100,000
571 8th St, Brooklyn, NY 11215
12beds
6,196sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$500/sqft
$-- HOA
What's special
- 175 days |
- 81 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Compass 203-858-5789,
Ian Mednick,
Paul Hyun
Source: StreetEasy,MLS#: S1806717
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Interior area
- Total structure area: 6,196
- Total interior livable area: 6,196 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: Park Slope
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $500/sqft
- Annual tax amount: $30,180
- Date on market: 1/15/2026
Estimated market value
Not available
Estimated sales range
Not available
$6,856/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Contingent | $3,100,000$500/sqft |
Source: StreetEasy #S1806717 Report a problem | ||
| 1/15/2026 | Listed for sale | $3,100,000$500/sqft |
Source: StreetEasy #S1806717 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Park Slope
Nearby schools
GreatSchools rating
- 8/10Ps 107 John W KimballGrades: PK-5Distance: 0.3 mi
- 4/10Park Slope CollegiateGrades: 6-12Distance: 0.3 mi
- 4/10Cyberarts Studio AcademyGrades: 9-12Distance: 0.3 mi
A local agent can set up tours, give advice and negotiate with sellers.







