Renovated Multifamily Property,
18 Brighton 4th Terrace, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property size:
3,800 SFLot size:
0.06 AcresPrice / SF:
$419/SF- Added:
- Apr 17, 2026
- Days on Market:
- 40
- Last Refresh:
- May 26 at 3:06 am
Property Features for 18 Brighton 4th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 6
- Interior features
- Dishwasher, Microwave, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,800 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14640
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Olga Moldavsky License #10301216091 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Apr 17, 2026
MLS# 500588
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated 4‑family brick building in desirable Brighton Beach location, moments from the ocean.
- All units rented at free market price, offering strong income potential for investors.
- Each unit has its own dedicated boiler and Navien tankless water heater for energy efficiency.
- Features three 2‑bedroom, 1.5‑bathroom units and one 1‑bedroom unit, all with modern kitchens and updated bathrooms.
- Convenient access to the beach, boardwalk, Belt Parkway, and B/Q subway lines.
- Full finished basement offers potential for expansion.
Overview
This fully renovated, semi-detached brick multifamily property is located in Brighton Beach, Brooklyn. The property contains four units: three 2-bedroom, 1.5-bathroom units and one 1-bedroom unit, all with free market rent. Each unit features redesigned interiors with contemporary finishes, modern cabinetry, sleek countertops, and updated bathrooms. Each unit is equipped with its own dedicated boiler and Navien tankless water heater. The property also includes a full finished basement for potential expansion. Situated near the beach and boardwalk, the property offers access to the Belt Parkway and the B and Q subway lines. The surrounding area includes local markets, restaurants, and cafes. The property, zoned R6, is situated on a lot of approximately 0.0574 acres and has a property size of 3800 square feet. This property is suitable for investors seeking income-producing assets or end-users looking for multi-generational living.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.48M
NOI $133,082 @ 9.00% cap · cautious / downside scenario
Moderate
$1.90M
NOI $133,082 @ 7.00% cap · market / base-case scenario
Aggressive
$2.66M
NOI $133,082 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.8k | $51.00 |
| − Vacancy | −$3.7k | −$0.97 |
| EGI | $190.1k | $50.03 |
| − OpEx | −$57.0k | −$15.01 |
| NOI | $133.1k | $35.02 |
3,800 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.90M
$1.66M – $2.22M
NOI $133,082 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $116,010 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,248 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Herbhub Dispensary
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.963667
- Latitude
- 40.581706
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully renovated 4-family property in Brighton Beach near the ocean.
Where is this quadplex located?
The property is located at 18 Brighton 4th Terrace Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Fully renovated 4‑family brick building in desirable Brighton Beach location, moments from the ocean.; All units rented at free market price, offering strong income potential for investors.; Each unit has its own dedicated boiler and Navien tankless water heater for energy efficiency.
