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 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.

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].