1969 W 8th St
Listing Notes
Rare investment opportunity in highly desirable Gravesend, Brooklyn! Listed below its official city valuation at $995,000, this meticulously maintained single-family property offers immediate built-in equity and stable, hassle-free income from day one, making it an exceptional turn-key asset for a 1031 exchange or a forward-thinking investor. The main level features a massive, sun-drenched living room, a formal dining room, a full kitchen, one bedroom, a full bathroom, and direct access to a private outdoor patio. The second floor boasts an expansive primary bedroom, an additional spacious bedroom, and a pristine full bath. The ground floor / walk-in lower level provides a versatile, expansive footprint currently utilized as a home gym and massive storage area-perfect for a home office, recreation room, or media space. The property is currently occupied by an exemplary, long-term tenant on a multi-year lease, ensuring immediate, reliable income and zero vacancy risk. Financials and lease details are available upon request to qualified buyers. Furthermore, the massive footprint provides excellent value-add conversion potential; similar layouts in the immediate area have been successfully converted into high-income, legal 2-family residences. Located just steps from premier Brooklyn transit, dining, and shopping, this is a secure, low-risk addition to any portfolio. 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.
Price in context
Cheaper than 71% of the 24 homes listed nearby right now, which run $575,000 to $1,400,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 354 Van Sicklen St Apt 3A | $575,000 | 2 bd · 2 ba |
| 354 Van Sicklen St Apt 2B | $657,000 | 2 bd · 2 ba |
| 1944 W 8th St | $958,888 | 4 bd · 2 ba |
| 1921 W 13th St | $965,000 | 3 bd · 2 ba |
| 76 Lake Pl | $975,000 | Studio |
| 2073 W 8th St | $980,000 | 3 bd · 2 ba |
| 2118 W 7th St | $988,888 | 4 bd · 3 ba |
| 1871 W 8th St | $999,999 | 5 bd · 3.5 ba |
| 1819 W 3rd St | $999,999 | 3 bd · 2 ba |
| 1854 W 7th St | $1,025,000 | 3 bd · 3 ba |
| 1794 W 9th St | $1,100,000 | 5 bd · 2 ba |
| 1891 W 8th St | $1,150,000 | 4 bd · 3 ba |
| 1891 W 8th St | $1,150,000 | 4 bd · 3 ba |
| 2039 W 5th St | $1,150,000 | 4 bd · 3 ba |
| 1889 W 4th St | $1,199,000 | 4 bd · 2 ba |
| 2149 W 9th St | $1,349,000 | 4 bd · 3 ba |
| 18 Lloyd Ct | $1,379,000 | 3 bd · 1 ba |
| 1966 W 8th St | $1,380,000 | 5 bd · 2 ba |
| 1857 W 7th St | $1,398,000 | 4 bd · 3 ba |
| 1857 W 7th St | $1,398,000 | 4 bd · 2.75 ba |
| 1881 W 7th St | $1,399,000 | 3 bd · 3 ba |
| 1881 W 7th St | $1,399,000 | 3 bd · 2.25 ba |
| 1902 W 11th St | $1,400,000 | 5 bd · 2 ba |
| 27 Lloyd Ct | $1,400,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more