New Apartment
For Sale
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2920 Brighton 4th Street, Brooklyn, NY 11235
Newly built apartment building constructed in 2024 with 11,677 SF of space and access to B and Q subway lines.
Property Size11,677 SF
Price / SF$556.65
Days on Market20
Property Features for 2920 Brighton 4th Street
General Information
Standard status
Active
Size
11,677 SF
Property subtype
Multifamily
Zoning
R6
Net Operating Income
$338,028
Additional Details
Highway Access
Yes
Building Details
Year Built
2024
Units
14
Listing Agency:
Kassin Sabbagh Realty
(718) 986-7149
Listed By:
Solomon Sharaby · License #10401283106
Source:
Crexi
Added: Jul 25
Changed: Aug 8
Last Checked: Aug 12 at 10:51AM
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 Kassin Sabbagh Realty
Investment Insights
Based on property information with market context.
2920 Brighton 4th Street is a newly built apartment building completed in 2024, offering 11,677 SF of commercial space. The property is positioned steps from Brighton Beach Avenue, placing it within a short walk of the area’s retail and dining corridor.
The address is also described as being close to Coney Island and Ocean Parkway, with convenient access to the Belt Parkway. Commuters and residents benefit from nearby B and Q subway lines, supporting strong connectivity for a year-round residential area.
This offering is suited to investors and owner-users seeking an apartment building in a densely populated Brooklyn waterfront submarket with established local businesses and continual neighborhood investment.
The address is also described as being close to Coney Island and Ocean Parkway, with convenient access to the Belt Parkway. Commuters and residents benefit from nearby B and Q subway lines, supporting strong connectivity for a year-round residential area.
This offering is suited to investors and owner-users seeking an apartment building in a densely populated Brooklyn waterfront submarket with established local businesses and continual neighborhood investment.
Key Highlights
- New apartment building built in 2024
- 11,677 SF commercial space
- Steps from Brighton Beach Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$356,487
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,129,740
$7.1M
Cap Rate 7%
$5,092,671
$5.1M
Cap Rate 9%
$3,960,967
$4.0M
Market Conditions
NOI Build-Up for 11,677 SF
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.
Gross rent
$661.4K $56.64/SF
− Vacancy
−$13.2K −$1.13/SF
EGI
$648.2K $55.51/SF
− OpEx
−$291.7K −$24.98/SF
NOI
$356.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,129,740
Cap Rate 7%
$5,092,671
Cap Rate 9%
$3,960,967
Alternative Uses
Best Use
Apartment 5plus
$5.09M
$4.46M – $5.94M
NOI $356,487 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.67M
$8.46M – $11.28M
NOI $676,799 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly built apartment building constructed in 2024 with 11,677 SF of space and access to B and Q subway lines.
Where is this apartment building located?
The property is located at 2920 Brighton 4th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: New apartment building built in 2024; 11,677 SF commercial space; Steps from Brighton Beach Avenue
