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About This Home

This 12-bedroom, 6-bathroom commercial at 571 8th Street in Brooklyn, NY is listed for $3,100,000 ($500 per sqft). the home offers 6,196 sqft of living space on a N/A lot.

Agent Description

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.

Property Details

6 full

Monthly Cost Estimate

$16,579/mo

20% down · 6.5% · 30 years

Principal$2,242
Interest$13,433
Insurance$904

Estimates only. Actual payments may vary.

Location

571 8th Street

Brooklyn, NY 11215

Property Details

Parking

Garage

Questions & Answers

This 12-bedroom, 6-bathroom commercial at 571 8th Street is listed at $3,100,000 ($500/sqft). The estimated monthly payment is $13,433 based on 20% down at 6.5% interest.

This property is listed by Ian Mednick and can be reached at 2038585789 or ian.mednick@compass.com.

IM

Ian Mednick

Agent at Compass

(203) 858-5789

Listed by Compass · View on Broker Site

MLS# 11633573· Source: listhub· Updated 98 days ago

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

571 8th Street, Brooklyn, NY 11215

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