Ad #7997915
MLS #501792
Rare investment opportunity in highly desirable Gravesend
1969 W 8th St, Brooklyn, New York, 11223
$995,000
5Beds
3Baths
1,640Sqft
0.037Acres
About this property
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.
Property Features
5 Beds
3 Baths
1,640 Sqft
Built in 1930
0.037 Acres
2 Stories
Siding: Wood Frame
Shingle, Flat Roof
$6,501 / yr property tax
Kings County
Additional Photos
Contact Information
Siu Kei (Ken) Chan
Ashford Homes LLC
929-364-1301
Location
Listing Agent: Siu Kei (Ken) Chan 929-364-1301
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$995,000
5
Beds
3
Baths
1,640
Sqft
1969 W 8th St, Brooklyn, New York, 11223
By contacting this agent you agree to these Terms and Conditions.
MLS# 501792
Rare investment opportunity in highly desirable Gravesend
$995,000
1969 W 8th St, Brooklyn, New York, 11223
5
Beds
3
Baths
1,640
Sqft
0.037
Acres
$995,000
1969 W 8th St, Brooklyn, New York, 11223
5 Beds
3 Baths
1,640 Sqft
0.037 Acres
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.
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Property Details
HOME DETAILS
5 Beds
3 Baths
1,640 Sqft
Built in 1930
0.037 Acres
2 Stories
EXTERIOR
Siding: Wood Frame
Shingle, Flat Roof
FINANCIAL & COMMUNITY
$6,501 / yr property tax
Kings County
See More Details
Location
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Ad Statistics
Ad Number
7997915
Viewed
23 times
Listing Status
Active
Added
Jun 30, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
501792
Listing Agent: Siu Kei (Ken) Chan 929-364-1301
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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