243 Brighton Beach AveBrooklyn, NY 11235

Property Details for 243 Brighton Beach Ave

Year built

1929

Lot size

0.05 AC

Property size (Sq ft)

3,090 SF

Zone code

R6

Property type

Retail residential properties

APN

08671-0937

APU

86710937

Description

This exceptional mixed-use property at 243 Brighton Beach Avenue in Brooklyn, NY (zip code 11235), offers a compelling investment opportunity. The two-story building, situated on a 20 ft x 100 ft lot, encompasses 3,250 square feet of space currently configured as office and retail. Currently operating at 100% occupancy, the property generates a net operating income (NOI) of $141,000, resulting in a 5.65% cap rate. The asking price is $2,500,000. The building's versatile layout includes space previously used as two residential units, now converted to office/retail space, providing flexibility for future uses. Its prime location on Brighton Beach Avenue in the heart of Brooklyn offers significant potential for growth and strong rental income. This property presents a rare chance to acquire a well-performing asset in a vibrant and desirable neighborhood. The strong financials, combined with the strategic location and adaptable space, make this a standout investment opportunity in Brooklyn's dynamic real estate market. This is a value-add opportunity with significant upside potential.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.577

Longitude

-73.9658

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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