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22998417

3022 Brighton 8th St, Brooklyn, NY 11235

EV
NY 10401312356
REMAX EDGE
Listed by REMAX EDGE
$1,899,999
418 days on market
Updated 178 days ago
Opportunity zone

3022 brighton 8th st

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 1,974
Units 10
Cap Rate 10.63%
NOI $201,951
Occupancy 100%
Price per SqFt $963
Class A
Stories 2
Lot Size (SqFt) 1,500
Zoning r6
Investment Type Owner/User

high cash flow investment property

Marketing description

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: Asking Price: $2,200,000.00 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.

Listing Contacts

EV
NY 10401312356
REMAX EDGE
Listed by REMAX EDGE

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,951.00
$16,829.25/mo

Valuation Metrics

0
DSCR
10.63%
Cap Rate
10.63%
ROI

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Additional Information

Name
Eduart Vata
License
10401312356
Brokerage
century 21 realty first
Brokerage Phone
9294059587
Title
Real Estate Sales Person
Brokerage Address
6806 18th Avenue
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