$2,200,000

3022 Brighton 8th St Brooklyn, NY 11235

$10,000
Closing credit¹
10 beds
6 full
1,974 sqft
$1,114 / sqft
Multi-Family

Property details

About 3022 Brighton 8th St

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.

Highlights

Home typeMulti Family
HeatingBaseboard, Natural Gas
StatusActive
CoolingOther
Size1,974 sqft
BasementYes
Year built1932
ParkingNone, None
MLS #489225

Summary

  • MLS Number: 489225
  • Office Name: RE/MAX Edge

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Last updated on: 4/7/2025, 2:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

multi unit property featuring brick siding and a fenced front yard

$2,200,000

3022 Brighton 8th St

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 17, 2018
Home Sold
$800,000
Jan 28, 2000
Home Sold
$123,000

Tax history

YearAssessmentProperty Tax
2024$134,100$13,513
2023$102,600$12,782
2021$94,050$23,074
2019$105,300$11,685
2018$91,350$10,909
2017$85,950$10,442

History based on county public records data.

Nearby schools

8

P.S. 253 Brooklyn

Public Magnet KG-5

0.1 mi

601 Ocean View Ave

6

P.S. 100 Coney Island School

Public District KG-5

0.5 mi

2951 W 3rd St

10

P.S. 195 Manhattan Beach School

Public District PK-5

0.9 mi

131 Irwin St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $32,079. The majority of Brooklyn, NY residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

54%
<35k
26%
35k-100k
5%
100k-200k
15%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

55%
Single, No Kids
10%
Single, with Kids
14%
Married, No Kids
21%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
7%
12-17 yrs old
32%
18-34 yrs old
39%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Pro BoxingPro Boxing
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Boston MarketBoston Market
  • White CastleWhite Castle

What do the neighbors drive?

  • NissanNissan
  • HondaHonda
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
  • AlternativeAlternative
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 3022 Brighton 8th St in Brooklyn, NY and zip code 11235 in the Southern Brooklyn neighborhood. This 1,974 square foot home was built in 1932. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 13, 2025 and is currently priced at $2,200,000.

While more than 22 listings in Brooklyn, NY in March 2025 were sold above asking price, there were more than 171 listings sold at asking price, and more than 156 were sold below. The inventory of homes for sale in Brooklyn, NY between February and March 2025 increased by 3.8%. Listings spent 142 days on the market in March 2025, and had a median list price of $995,066 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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