$2,200,000
bedrooms
10
bathrooms
6
square feet
1,974
Acreage
0.03443526170798898
Open Houses
-
year built
1932
Full Baths
6
Half Baths
0
10-Unit Investment Property
This well-maintained, 10-unit multifamily building offers a promising investment opportunity in the vibrant neighborhood of Brighton Beach, Brooklyn. The property boasts a diverse mix of units ensuring a steady rental income stream.
Income Overview:
Total Monthly Rent: $21,053.00
Gross Yearly Rent Roll: $252,636.00
Average Rent per Unit: $1,754.41
Units Breakdown:
Studio: $2,696 (1 unit)
2-Bedroom Apartment: $2,000 (1 unit)
Single room first floor: $1,927 (A-1), $1,581 (B-2), $1,947 (B-3), $1,481 (B-4),
Single room Second floor: $1,937 (C-1), $1,750 (C-2), $1,967 (C-3), $1,967 (C-4)
Miscellaneous Income (C-5): $850 $950 (B-5)
Expenses Overview:
Property Taxes: $13,511.28
Water & Sewer: $4,483.19
Insurance: $11,000.00
Superintendent/Porter: $7,200.00
Electric: $6,000.00
Heating Fuel: $8,490.90
Total Expenses: $50,685.37
Net Operating Income (NOI):
Net Rent Roll/Net Operating Income: $201,950.63
Investment Highlights:
Cap Rate: 9.1%
This building offers significant potential with solid cash flow, a strong rent roll, and a cap rate that appeals to seasoned investors. Located in a prime area of Brooklyn, the property enjoys proximity to local amenities, transportation, and the vibrant beach community of Brighton Beach.
Location | |
Subdivision | - |
County | Kings (Brooklyn) |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 489225
Listing agent:
Michael E. Napolitano Jr
Listing broker:
Womcore Llc Dba Remax Edge
(718) 612-3088
Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Friday, March 7 2025 at 4:55 p.m. EST
Kotohomes National
Other listings you might be interested in
$2,595,000
10 Bed •
6 Bath •
2,992 ft²
1874 East 27th Street
Brooklyn, NY 11229
$2,280,000
10 Bed •
5 Bath •
2,250 ft²
843 68th Street
Brooklyn, NY 11220
$2,250,000
9 Bed •
6 Bath •
3,780 ft²
2169 West 13th Street
Brooklyn, NY 11223
$2,180,000
9 Bed •
6 Bath •
4,032 ft²
15 Bay 20th Street
Brooklyn, NY 11214
$2,050,000
10 Bed •
5 Bath •
3,800 ft²
1602 Avenue V
Brooklyn, NY 11229
$2,680,000
9 Bed •
6 Bath •
3,360 ft²
881 59th Street
Brooklyn, NY 11220
$3,750,000
10 Bed •
6 Bath •
4,760 ft²
921 45th Street
Brooklyn, NY 11219
$2,100,000
9 Bed •
7 Bath •
3,430 ft²
8784 24th Avenue
Brooklyn, NY 11214
$2,099,999
10 Bed •
8 Bath •
3,576 ft²
1390 Eastern Parkway
Brooklyn, NY 11233
$2,375,000
9 Bed •
5 Bath •
4,164 ft²
312 83rd Street
Brooklyn, NY 11209
$1,880,000
9 Bed •
5 Bath •
3,134 ft²
473 77th Street
Brooklyn, NY 11209
$2,488,000
10 Bed •
8 Bath •
4,800 ft²
211 Laurelton Boulevard
Long Beach, NY 11561