3022 Brighton 5Th StBrooklyn, NY 11235

Property Details for 3022 Brighton 5Th St

Year built

1899

Lot size

0.06 AC

Property size (Sq ft)

2,880 SF

Zone code

R6

Property type

Residential income properties

Property subtype

Residential income homes

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5788

Longitude

-73.9632

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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