105 Brighton 11th St Brooklyn, NY 11235-5305

Property Details for 105 Brighton 11th St

Year built

1931

Lot size

0.04 lot acres

Property size

6,400 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

08709-0095

APU

87090095

Description

This exceptional mixed-use property at 105 Brighton 11th Street in Brooklyn, New York, presents a compelling investment opportunity. The fee-simple owned building, constructed in 1931 and extensively renovated in 2021, boasts 6,400 square feet across four stories on a 1,800 square foot lot. Currently operating at 100% occupancy since July 1, 2020, the property features nine units, including six two-bedroom apartments and three retail spaces, catering to a diverse tenant base. The building's Class C designation reflects its solid foundation and potential for future upgrades. With a Net Operating Income (NOI) of $18,354 and an asking price of $3,500,000, the property offers a 0.52% cap rate. The property's strategic location in Brighton Beach, situated amidst several high-rise residential buildings, ensures consistent demand and strong rental income. The corner lot provides excellent visibility and accessibility. The building features a 10-foot ceiling height and is zoned for mixed-use development (Permitted Zoning: x). This is a rare opportunity to acquire a fully-rented, multi-tenant property in a thriving Brooklyn neighborhood. The twelve bedrooms across the residential units provide ample living space for tenants. The property's strong performance and prime location make it an ideal investment for both owner-users and investors seeking a stable, high-occupancy asset with potential for future appreciation. APN: 610041001.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9573

Latitude

40.58

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments