Brighton Beach Investment
3024 Brighton 6th St Brooklyn, NY 11235
For Sale
$899,000
Well-maintained 3-family property near Brighton Beach Avenue.
Property Size2,300 SF
Lot Size0.05 Acres
Price / SF$390.87
Days on Market97
Property Features for 3024 Brighton 6th St
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #PP5383
(917) 708-9966
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 11:02AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Located just off Brighton Beach Avenue, 3024 Brighton 6th Street is a well-maintained semi-detached 3-family property. The building offers approximately 2,300+ sq ft of interior space and features three well-configured 2-bedroom units, a layout that supports consistent tenant demand and stable occupancy. The property is currently fully occupied and in excellent condition, with the potential to deliver a unit vacant if desired. It generates approximately $90,000+ in annual gross rental income, with operating expenses of approximately $22,000+ including real estate taxes, resulting in an estimated cap rate exceeding 7.5%. Additional features include a finished full basement with access, a shared driveway, and a detached garage. The property sits on an approximately 20 x 100 lot with R6 zoning. Conveniently located near Brighton Beach Avenue, the property is close to shopping, restaurants, banks, and everyday services. The B and Q subway lines are nearby, providing easy access to Manhattan and throughout Brooklyn. The location has a walk score of 96, a bike score of 63, and a transit score of 84.
Key Highlights
- High Income Potential: Generates $90,000+ annual gross rental income with a cap rate exceeding 7.5%.
- Fully Occupied & Well‑Maintained: Property is in excellent condition with stable tenant demand.
- Flexible Investment: Opportunity to deliver one unit vacant if desired.
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 | $117.3k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $115.1k | $50.03 |
| − OpEx | −$34.5k | −$15.01 |
| NOI | $80.5k | $35.02 |
2,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,550 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$1.00M
$877.7K – $1.17M
NOI $70,217 @ 7.0% cap · market cap 7.81%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,308 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained 3-family property near Brighton Beach Avenue.
Where is this triplex located?
The property is located at 3024 Brighton 6th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High Income Potential: Generates $90,000+ annual gross rental income with a cap rate exceeding 7.5%.; Fully Occupied & Well‑Maintained: Property is in excellent condition with stable tenant demand.; Flexible Investment: Opportunity to deliver one unit vacant if desired.
