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    4725 Beach 47Th St Brooklyn, NY 11224

    Sponsored
    For Sale
    $2,750,000

    13-unit apartment building, prime location.

    Property size:
    3,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a two-story, 13-unit apartment building situated on a substantial 8,644 square foot lot in the desirable Seagate neighborhood of Brooklyn, New York. The property, known as The Beacon Inn, boasts beautifully renovated units and is located within a gated community, offering residents a secure and tranquil environment. The building features approximately 3,220 square feet of living space, spread across two stories. The expansive lot provides ample outdoor space, including upper and lower level areas, and a large yard with parking for six or more vehicles. The property enjoys a strong financial performance, generating a healthy monthly cash flow ranging from $22,000 to $35,000, translating to an approximate annual net operating income of $211,000. Its prime location offers easy access to the beach and boardwalk, just blocks away, and the vibrant attractions of Coney Island Park and Surf Avenue are also within close proximity. The property is zoned R3-1 and is currently free of encumbering leases. This turnkey investment asset presents a rare opportunity to acquire a well-maintained, high-performing property in a rapidly developing and highly sought-after area, offering significant income potential and spectacular views. The asking price is $2,750,000.

    Property Features for 4725 Beach 47Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,220 SF
    Class
    C

    Building Details

    Buildings
    2
    Stories
    2
    Units
    13

    HighLights

    • 13‑unit, two‑story apartment building on an 8,644 sq ft lot in Seagate, Brooklyn.
    • Located in a gated community.
    • Blocks from the beach and boardwalk, near Coney Island.
    • Turnkey investment with strong cash flow ($22,000-$35,000 monthly, approx. $211,000 annual NOI) and significant income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0114899
    Latitude
    40.5766682

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    FAQs

    What type of property is this?
    Multifamily property - 13-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 4725 Beach 47Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 13-unit, two-story apartment building on an 8,644 sq ft lot in Seagate, Brooklyn.; Located in a gated community.; Blocks from the beach and boardwalk, near Coney Island.
    Request Owner's contact information
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    Brooklyn, NY 11224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4725 Beach 47Th St Brooklyn, NY 11224
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