Courtesy of: Ian Mednick, Compass, ian.mednick@compass.com
Courtesy of: Ian Mednick, Compass, ian.mednick@compass.com
$3,100,000
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12 bed
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6,196 square feet
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6.00 Bath (6 Full)
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Other
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$3,100,000
571 8th Street 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.
Courtesy of: Ian Mednick, Compass, ian.mednick@compass.com
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