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    3017 Brighton 5Th St Brooklyn, NY 11235

    Sponsored
    For Sale
    $740,000

    14-Unit SRO, High-Yield Potential

    Property size:
    2,074 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 14-unit multifamily property, located at 3017 Brighton 5th Street in Brooklyn, NY, presents a compelling investment opportunity. The 2-story building, plus basement, offers 6,480 square feet of space and boasts a projected net operating income (NOI) of $136,043, resulting in a 15% capitalization rate and an 18.38% pro-forma cap rate. Currently zoned R6, this property is ideal for either continued operation as a student housing facility or redevelopment. The asking price is $740,000, translating to $52,857.14 per unit and $356.80 per square foot. Eleven of the fourteen units are currently vacant, offering immediate potential for increased revenue. The building's strong cash flow, combined with its prime Brighton Beach location and flexible zoning, makes it an attractive prospect for savvy investors seeking significant returns. This is an "as is" sale. The property's Class B designation reflects its current condition, presenting an opportunity for value enhancement through renovations or repositioning. The building's size and layout provide a solid foundation for future development, with potential for increased density or conversion to other residential uses, subject to applicable zoning regulations.

    Property Features for 3017 Brighton 5Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,074 SF
    Class
    B

    Building Details

    Stories
    2
    Units
    14

    HighLights

    • Brighton Beach, Brooklyn Hotel/Dormitory/SRO, 14 Units, 6,480 sq ft.
    • Two‑story building with basement.
    • SRO conversion or residential redevelopment opportunity.
    • 11 of 14 units vacant.
    • 6,480 sq ft building, potential for future development ($138/sq ft).
    • R6 zoning.
    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
    -73.962937250896
    Latitude
    40.57888931158

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    FAQs

    What type of property is this?
    Multifamily property - 14-Unit SRO, High-Yield Potential
    Where is this multifamily property located?
    The property is located at 3017 Brighton 5Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: Brighton Beach, Brooklyn Hotel/Dormitory/SRO, 14 Units, 6,480 sq ft.; Two-story building with basement.; SRO conversion or residential redevelopment opportunity.
    Request Owner's contact information
    3017 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
    3017 Brighton 5Th St Brooklyn, NY 11235
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