10-Unit Investment Property
This well-maintained, 10-unit multifamily building offers a promising investment opportunity in the vibrant neighborhood of Brighton Beach, Brooklyn. The property boasts a diverse mix of units ensuring a steady rental income stream.
Income Overview:
Total Monthly Rent: $21,053.00
Gross Yearly Rent Roll: $252,636.00
Average Rent per Unit: $1,754.41
Units Breakdown:
Studio: $2,696 (1 unit)
2-Bedroom Apartment: $2,000 (1 unit)
Single room first floor: $1,927 (A-1), $1,581 (B-2), $1,947 (B-3), $1,481 (B-4),
Single room Second floor: $1,937 (C-1), $1,750 (C-2), $1,967 (C-3), $1,967 (C-4)
Miscellaneous Income (C-5): $850 $950 (B-5)
Expenses Overview:
Property Taxes: $13,511.28
Water & Sewer: $4,483.19
Insurance: $11,000.00
Superintendent/Porter: $7,200.00
Electric: $6,000.00
Heating Fuel: $8,490.90
Total Expenses: $50,685.37
Net Operating Income (NOI):
Net Rent Roll/Net Operating Income: $201,950.63
Investment Highlights:
Cap Rate: 9.1%
This building offers significant potential with solid cash flow, a strong rent roll, and a cap rate that appeals to seasoned investors. Located in a prime area of Brooklyn, the property enjoys proximity to local amenities, transportation, and the vibrant beach community of Brighton Beach.
- Roof Deck:
- Flat
- Where do you want to live:
- 11235
- Street:
- Brighton 8th
- Street Number:
- 3022
- Street Suffix:
- Street
- Floor Number:
- 0
- Longitude:
- W74° 2' 21.5''
- Latitude:
- N40° 34' 45.6''
- Property Sub Type:
- Multi-family
- Baths Full:
- 6
- DOM:
- 100
- Residential Features:
- A/c Unit
- Flooring:
- Tile
- List Office MLSID:
- 118210
- List Office Name:
- RE/MAX Edge
- List Agent Full Name:
- Michael E. Napolitano Jr
- List Agent MLSID:
- mn2194
- Additional Fee:
- $0
- Assessment Fee:
- $0
- Basement Amenities:
- Finished
- Exterior:
- Brick Face
- Status:
- Active
- Tax Amount:
- $13,511
Residential For Sale
3022 Brighton 8th Street, Brooklyn, New York 11235
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- 489225
- Price :
- $2,200,000
- Bedrooms :
- 10
- Bathrooms :
- 6
- Square Footage :
- 1,974 Sqft
- Year Built :
- 1932
- Lot Area :
- 1,500 Sqft
