3022 Brighton 8Th St Brooklyn, NY 11235
Well-maintained building with diverse units and strong income potential.
Lot size:
0.03 AcresProperty Features for 3022 Brighton 8Th St
General Information
- Lot size
- 0.03 Acres
Building Details
- Year built
- 1932
Source:
Elliman
Listing Agent: Robert J. Burnett
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Brighton Beach Multifamily Investment Property
Located in Brooklyn's Brighton Beach neighborhood, this well-maintained building features a mix of residential units, including 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment. The property generates a total monthly rent of $21,122, resulting in a gross yearly rent roll of $253,464 and a net income of $200,200. Annual expenses, including heat ($8,500), electric ($4,800), water/sewer ($4,800), insurance ($10,000), taxes ($15,000), and repairs ($7,000), total $50,100. The building has a new roof with solar panels, new plumbing, updated electrical systems, and tile throughout. The water heater and boiler are 3 years old. With a cap rate of 9.1%, this property offers a steady cash flow. The property is conveniently located near local amenities, transportation, and the Brighton Beach community.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.96069
- Latitude
- 40.579346
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FAQs
What type of property is this?
Apartment building - Well-maintained building with diverse units and strong income potential.
Where is this apartment building located?
The property is located at 3022 Brighton 8Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: - High Cap Rate: 9.1% indicates strong potential return on investment and cash flow.; - Significant Rental Income: Generates $21,122 monthly and $253,464 gross yearly rent.; - Net Operating Income: $200,200 net income after expenses.