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Status: Active

3022 BRIGHTON 8TH Street, #

Brighton Beach

$1,899,000
 |  10 Beds  |  6 Baths  |  2,961SF

Description

This well-maintained building in the vibrant Brighton Beach neighborhood of Brooklyn offers a variety of unit types, providing a steady rental income stream. The property includes 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment. The units generate a total monthly rent of $21,122 and a gross yearly rent roll of $253,464, with a net income of $200,200. Expenses include heat ($8,500), electric ($4,800), water/sewer ($4,800), insurance ($10,000), taxes ($15,000), and repairs ($7,000), for total annual expenses of $50,100. The building features a new roof with solar panels, new plumbing, updated electrical systems and tile throughout. The water heater and boiler are 3 years old. With a cap rate of 9.1%, this property offers a steady cash flow appealing to investors. It's conveniently located near local amenities, transportation, and the Brighton Beach community.

Property Details

  • Multi Family

Amenities

  • View: Other
  • Smoke Free
  • Pets: Building Yes, No

The Neighborhood

Brighton
Beach
Brighton Beach

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For information on 3022 BRIGHTON 8TH Street, # contact:

realtor top real estate agent

Megan Eisenberg

Licensed RE Salesperson

917-822-2474

Licensed RE Salesperson
megan@brickandmortar.com
917-822-2474

Listing courtesy of Revived Residential
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