3022 Brighton 8th St - Apartments FOR SALE


Brooklyn, NY 11235- Brighton Beach
$2,200,000 USD
929-405-9587
3022 Brighton 8th St, Brooklyn, NY for Sale
$2,200,000 USD
Apartments - FOR SALE
1/31
null | 9.18% Cap Rate

3022 Brighton 8th St
Brooklyn, NY 11235
Brighton Beach


OVERVIEW

10-Unit Investment Property This well-maintained, 10-unit multifamily building offers a promising investment opportunity in the vibrant neighborhood of Brighton Beach, Brooklyn. The property boasts a diverse mix of units ensuring a steady rental income stream. Income Overview: Total Monthly Rent: $21,053.00 Gross Yearly Rent Roll: $252,636.00 Average Rent per Unit: $1,754.41 Units Breakdown: Studio: $2,696 (1 unit) 2-Bedroom Apartment: $2,000 (1 unit) Single room first floor: $1,927 (A-1), $1,581 (B-2), $1,947 (B-3), $1,481 (B-4), Single room Second floor: $1,937 (C-1), $1,750 (C-2), $1,967 (C-3), $1,967 (C-4) Miscellaneous Income (C-5): $850 $950 (B-5) Expenses Overview: Property Taxes: $13,511.28 Water & Sewer: $4,483.19 Insurance: $11,000.00 Superintendent/Porter: $7,200.00 Electric: $6,000.00 Heating Fuel: $8,490.90 Total Expenses: $50,685.37 Net Operating Income (NOI): Net Rent Roll/Net Operating Income: $201,950.63 Investment Highlights: Asking Price: $2,200,000.00 Cap Rate: 9.1% This building offers significant potential with solid cash flow, a strong rent roll, and a cap rate that appeals to seasoned investors. Located in a prime area of Brooklyn, the property enjoys proximity to local amenities, transportation, and the vibrant beach community of Brighton Beach.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$1,114 USD /SF

# OF UNITS

12

PRICE/UNIT

$183,333

CAP RATE

9.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R6

APN/PARCEL ID

08677-0012

ASK ABOUT THIS PROPERTY

Eduart VataRemax EdgeMore Info
929-405-9587

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Eduart VataRemax EdgeMore Info
929-405-9587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.