3022 Brighton 8th ST Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11235
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,974 sqft
Price per Sqft $1,114
MLS Listing ID 489225
Bedrooms 10
Full Baths 6
Year Built 1932
Annual Tax Amount $13,511
Property Sub-Type Multi-Family
Property Description
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:
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.
Location
State NY
County Kings (brooklyn)
Area Brighton Beach
Zoning R6
Rooms
Basement Finished
Interior
Hot Water Electric
Heating Gas
Flooring Tile
Heat Source Gas
Exterior
Exterior Feature Brick Face
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Assumption,Bank Mortgage,Cash