# 571 8th Street, Brooklyn, NY 11215

> **TL;DR:** 12bd/6ba commercial, $3,100,000 ($500/sqft), 6,196 sqft. Est. $13,433/mo. Listed 98 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,100,000 |
| Price/sqft | $500 |
| Bedrooms | 12 |
| Bathrooms | 6 full |
| Square Feet | 6,196 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 98 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $13,433 |
| **Total** | **$13,433** |

## Description

### 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.

## Location

- **Address:** 571 8th Street, Brooklyn, NY 11215
- **County:** Kings
- **Coordinates:** 40.665608, -73.976682
- **Google Maps:** https://www.google.com/maps?q=40.665608,-73.976682

## Listing Agent

- **Name:** Ian Mednick
- **Brokerage:** Compass
- **Phone:** 2038585789
- **Email:** ian.mednick@compass.com

## Primary Photo

![571 8th Street - Primary Photo](http://lh.rdcpix.com/b39ec4e61abe2493b8c4b50426467d54l-f2239879358r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/571-8th-street-brooklyn-ny-11215-11633573)*

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**MLS#:** 11633573 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/571-8th-street-brooklyn-ny-11215-11633573)

---

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