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Partially Completed Elevator Building
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2939 Brighton 8th St, Brooklyn, NY 11235

Partially completed elevator building with approved plans for six units.

Property Size7,953 SF
Price / SF$198.67
Days on Market1115

Property Features for 2939 Brighton 8th St

General Information

Standard status Active
Size 7,953 SF
Class B
Property subtype Multifamily
Zoning R6

Building Details

Stories 6
Units 6
Listing Agency: Highcap Group
Listed By: Anthony Volman · License #NY
Source: Crexi
Added: Aug 3, 2023 Changed: Aug 8 Last Checked: Aug 21 at 3:02PM

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 Highcap Group

Investment Insights

Based on property information with market context.

Located in Brighton Beach, Brooklyn, this partially completed elevator building offers 7,953 square feet. Approved plans are in place for six free market residential units, including four two-bedroom units and two one-bedroom units. The foundation, walls, and roof are completed. All plumbing, elevator, electrical, and finishing work remain to be completed. The price is $199 per square foot. Approved plans are available upon request.

Key Highlights

  • Approved plans for six free market residential units (4 x 2 bdrm, 2 x 1 bdrm)
  • Partially completed elevator building
  • 7,953 SF elevator building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Catering Service Hotel & Motel Nursing Home (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,130
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Partially completed elevator building with approved plans for six units.
Where is this apartment building located?
The property is located at 2939 Brighton 8th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Approved plans for six free market residential units (4 x 2 bdrm, 2 x 1 bdrm); Partially completed elevator building; 7,953 SF elevator building
More about this property
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