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    3022 Brighton 5Th St Brooklyn, NY 11235

    Sponsored
    For Sale
    $1,200,000

    12-Unit Student Housing, High NOI

    Property size:
    2,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional investment opportunity in vibrant Brighton Beach, Brooklyn. This Class A, two-story multifamily property boasts 12 units, currently 100% occupied, generating a substantial net operating income (NOI) of $75,126 and a 6.26% capitalization rate. The building features a total of 2,880 square feet on a 2,800 square foot lot, with three kitchens (one per floor) and two full bathrooms in the basement. Each of the twelve units has been recently renovated. The property is zoned R6, OP, offering potential for future development. The asking price is $1,200,000, translating to $100,000 per unit and $416.67 per square foot. This represents a strong value proposition in a high-demand student housing market. The building's solid performance and potential for upside make it an attractive addition to any investment portfolio. This is a turnkey operation with a proven track record of success.

    Property Features for 3022 Brighton 5Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,880 SF
    Class
    A

    Building Details

    Stories
    2
    Units
    12

    HighLights

    • Hotel/SRO with furnished rooms; redevelopment potential.
    • Two‑story building with basement.
    • Twelve units, 100% occupancy.
    • 2,880 square feet (6,800 buildable square feet); $416 per square foot ($174 per buildable square foot).
    • Three kitchens, two basement bathrooms.
    • Recently renovated units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -73.963133
    Latitude
    40.5788025

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    FAQs

    What type of property is this?
    Multifamily property - 12-Unit Student Housing, High NOI
    Where is this multifamily property located?
    The property is located at 3022 Brighton 5Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Hotel/SRO with furnished rooms; redevelopment potential.; Two-story building with basement.; Twelve units, 100% occupancy.
    Request Owner's contact information
    3022 Brighton 5Th St Brooklyn, NY 11235
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    Brooklyn, NY 11235
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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
    3022 Brighton 5Th St Brooklyn, NY 11235
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