571 8th St
Listing Notes
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.
Price in context
Cheaper than 33% of the 24 homes listed nearby right now, which run $1,850,000 to $4,495,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 457 3rd St Apt 1L | $1,850,000 | 3 bd · 1 ba |
| 565 5th St Apt 3 | $1,895,000 | 2 bd |
| 443 12th St Apt 1H | $1,895,000 | 3 bd · 2 ba |
| 379 12th St Unit 2A | $1,950,000 | 2 bd |
| 350 6th Ave Apt 2 | $1,975,000 | 2 bd · 2 ba |
| 539 4th St Apt 3L | $1,995,000 | 3 bd · 2 ba |
| 426 2nd St Unit 4 | $2,350,000 | 3 bd |
| 371 16th St | $2,399,999 | 1 bd · 1 ba |
| 1203 8th Ave | $2,400,000 | 16 bd · 8 ba |
| 409 3rd St Apt 4 | $2,425,000 | 3 bd · 2 ba |
| 1205 8th Ave | $2,500,000 | 12 bd · 8 ba |
| 1610 10th Ave | $2,500,000 | 4 bd · 3.5 ba |
| 851 Carroll St Apt 1 | $2,595,000 | 2 bd · 3 ba |
| 438 12th St Apt 6A | $2,600,000 | 3 bd · 2 ba |
| 347 6th Ave Apt 1 | $2,850,000 | 2 bd · 3 ba |
| 501 8th Ave Unit Ph | $2,995,000 | 3 bd · 3 ba |
| 501 8th Ave Apt 3 | $3,300,000 | 4 bd · 3 ba |
| 501 8th Ave Apt 2 | $3,300,000 | 4 bd · 3 ba |
| 390 9th St Unit A | $3,500,000 | 3 bd · 3 ba |
| 860 Union St | $3,750,000 | 6 bd · 6 ba |
| 501 8th Ave Unit Parlor | $3,995,000 | 3 bd · 4 ba |
| 512 10th St | $3,995,000 | 4 bd |
| 1 Prospect Park W Ph C | $4,000,000 | 3 bd · 3 ba |
| 362A 6th Ave | $4,495,000 | 5 bd · 5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more