5-Unit Apartment Building with
For Sale
$2,400,000
92 Brighton 11th Street, Brooklyn, NY 11235
An elevator serves five apartments, with finished basement space accessible through two separate entrances.
Property Size6,568 SF
Lot Size0.05 Acres
Price / SF$365.41
Days on Market127
Property Features for 92 Brighton 11th Street
General Information
Standard status
Active
Size
6,568 SF
Elevators
Yes
Lot size
0.05 Acres
Property subtype
Commercial
Zoning
R6
Units
Unit Mix
2 x 1BR, 2 x 2BR, 1 x 3BR
Multifamily Units
5
Additional Details
Gross Income
$147,732
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,284
Amenities
shared driveway
fully finished basement
Building Details
Building Size
6,568 SF
Year Built
1931
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Tiger Realty Group Inc
(917) 708-9966
Listed By:
Ken Zheng · License #10401312591
(646) 577-3055
Source:
Croninreale
Added: Jun 22
Changed: Oct 23
Last Checked: Oct 23 at 4:04PM
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 Group Inc
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Investment Insights
Based on property information with market context.
This 1931 apartment building contains five residences: two one-bedroom units, two two-bedroom units, and one three-bedroom unit. An elevator serves the building, and the finished basement has two separate entrances. The property occupies a 22-by-100-foot lot, with a building measuring 20 by 76 feet, and is zoned R6. A tax abatement runs through 2036.
Located on Brighton 11th Street in Brooklyn’s Brighton Beach area, the property is described as close to transportation, shopping, and local amenities. A shared driveway is also part of the property.
Located on Brighton 11th Street in Brooklyn’s Brighton Beach area, the property is described as close to transportation, shopping, and local amenities. A shared driveway is also part of the property.
Key Highlights
- Five apartments: two one‑bedroom, two two‑bedroom, and one three‑bedroom unit
- Elevator in the building
- Finished basement with two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,514
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,010,280
$4.0M
Cap Rate 7%
$2,864,486
$2.9M
Cap Rate 9%
$2,227,933
$2.2M
Market Conditions
NOI Build-Up for 6,568 SF
Gross rent
$372.0K $56.64/SF
− Vacancy
−$7.4K −$1.13/SF
EGI
$364.6K $55.51/SF
− OpEx
−$164.1K −$24.98/SF
NOI
$200.5K $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 Rate 5%
$4,010,280
Cap Rate 7%
$2,864,486
Cap Rate 9%
$2,227,933
Alternative Uses
Best Use
Apartment 5plus
$2.86M
$2.51M – $3.34M
NOI $200,514 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.44M
$4.76M – $6.34M
NOI $380,681 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,122
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - An elevator serves five apartments, with finished basement space accessible through two separate entrances.
Where is this apartment building located?
The property is located at 92 Brighton 11th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Five apartments: two one‑bedroom, two two‑bedroom, and one three‑bedroom unit; Elevator in the building; Finished basement with two separate entrances
