3017 Brighton 5Th StBrooklyn, NY 11235

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.