Vacant Four-Family Income
2862 Brighton 3rd St Brooklyn, NY 11235
For Sale
$999,000
Pending
Four-family residential building delivered vacant, with finished basement and a private fenced rear yard.
Property Size1,800 SF
Lot Size0.04 Acres
Days on Market91
Property Features for 2862 Brighton 3rd St
General Information
Standard status
Pending
Size
1,800 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Building Details
Year Built
1931
Listing Agency:
eXp Realty BKNY
(888) 276-0630
Listed By:
Gennaro Lefosse
(888) 276-0630
Source:
Elliman
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty BKNY
Investment Insights
Based on property information with market context.
Offered for sale is a well-maintained four-family property delivered vacant. The building features 6 bedrooms and 4 full bathrooms, along with a finished basement and a private fenced rear yard.
The property is situated in Brighton Beach and is described as being minutes from shopping, dining, and transportation. Local bus service includes B1, B4, B36, and B68, with express buses to Manhattan via X27 and X28, and subway lines F and Q.
The building measures approximately 18 feet by 50 feet, and sits on a lot measuring approximately 20 feet by 80 feet. The property is listed under zoning R6.
The property is situated in Brighton Beach and is described as being minutes from shopping, dining, and transportation. Local bus service includes B1, B4, B36, and B68, with express buses to Manhattan via X27 and X28, and subway lines F and Q.
The building measures approximately 18 feet by 50 feet, and sits on a lot measuring approximately 20 feet by 80 feet. The property is listed under zoning R6.
Key Highlights
- Four‑family residential building built in 1931, delivered vacant for immediate occupancy or redevelopment planning
- 6 bedrooms and 4 full bathrooms across the building, plus a finished basement
- Private fenced rear yard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.8k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $90.1k | $50.03 |
| − OpEx | −$27.0k | −$15.01 |
| NOI | $63.0k | $35.02 |
1,800 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$900.6K
$788.0K – $1.05M
NOI $63,039 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-family residential building delivered vacant, with finished basement and a private fenced rear yard.
Where is this quadplex located?
The property is located at 2862 Brighton 3rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four‑family residential building built in 1931, delivered vacant for immediate occupancy or redevelopment planning; 6 bedrooms and 4 full bathrooms across the building, plus a finished basement; Private fenced rear yard
