3022 Brighton 5Th St Brooklyn, NY 11235
- Residential income homes
- 2,880 SF
- 0.06 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 3022 Brighton 5Th St
- Year built
- 1899
- Lot size
- 0.06 lot acres
- Property size
- 2,880 SF
- Zone code
- R6
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 08674-0010
- APU
- 86740010
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9632
- Latitude
- 40.5788
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
