1969 West 8th Street
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 76% of the 21 homes listed nearby right now, which run $609,000 to $1,400,000.
See all 21 nearby listings
| Address | Asking | Size |
|---|---|---|
| 354 Van Sicklen Street 3A | $609,000 | 2 bd · 2 ba |
| 1838 West 13th Street 3B | $619,000 | 2 bd · 1.5 ba |
| 71 Village Road North 305 | $685,000 | 2 bd · 2 ba |
| 39 Bay 38th Street 3D | $838,000 | 3 bd · 2 ba |
| 222 Avenue V | $848,000 | 3 bd · 2 ba |
| 1722 West 10th Street | $998,000 | 3 bd · 3 ba |
| 65 Quentin Road | $999,000 | Studio |
| 1819 West 3rd Street HOUSE | $999,999 | 3 bd · 2 ba |
| 472 Lake Street | $1,035,000 | 4 bd · 3 ba |
| 59 Bay 40th Street | $1,090,000 | 3 bd · 1 ba |
| 1739 West 9th Street N/A | $1,099,000 | 4 bd · 2.5 ba |
| 1616 West 4th Street 1 | $1,149,000 | 3 bd · 1.5 ba |
| 2154 West 6th Street HOUSE | $1,198,800 | 3 bd · 3 ba |
| 2113 West 5th Street | $1,199,000 | 4 bd · 2 ba |
| 2149 West 9th Street | $1,349,000 | 4 bd · 3 ba |
| 2348 82nd Street | $1,350,000 | 9 bd · 6 ba |
| 276 Avenue U 2 | $1,369,000 | 2 bd · 2.5 ba |
| 18 Lloyd Court | $1,379,000 | 3 bd · 1 ba |
| 2346 82nd Street | $1,388,000 | 10 bd · 6 ba |
| 3 Bay 38th Street | $1,399,000 | 4 bd · 2 ba |
| 27 Lloyd Court | $1,400,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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