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10 Beds

6 Bathrooms

1,974 Building Sqft

1,307 Lot Sqft

$2,200,000

3022 Brighton 8th Street, Brooklyn, New York, 11235

About 3022 Brighton 8th Street

Active Multi-Family

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.

Features of 3022 Brighton 8th Street

MLS® #
489225
Bedrooms
10
Bathrooms
6
Full Baths
6
Acres
0.03
Type
Residential
Price
$2,200,000
Building Sqft
1,974
Year Built
1932
Sub-Type
Multi-Family

Community Information

Address
3022 Brighton 8th Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11235

Listing Information

Agent Name
Michael E. Napolitano Jr
Agent Office
RE/MAX Edge

Listing Map

Get Directions to Property:

At a Glance

3022 Brighton 8th Street

Brooklyn, New York, 11235

$2,200,000

10 Beds

6 Bathrooms

1,974 Building Sqft

1,307 Lot Sqft

(718) 987-7900