$10,000 Closing Credit¹
#488443, Listing Office: Winzone Realty Inc
$2,200,000 List price
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
- Full Bathrooms: 6
- Basement: Yes
- Flooring Type: Tile
- Total Bedroom Count: 10
- Attached Garage: No
- Parking: None, None
- Heating: Baseboard, Natural Gas
- Cooling: Other
- List Price: $2,200,000
- Price/SqFt: $1,114
- Annual Tax Amount: $13,513
- Tax Year: 2024
- Year Built: 1932
- Stories: 2
- Living Area: 1,974 SqFt
- MLS Number: 489225
- Office Name: RE/MAX Edge
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Last updated on: 4/28/2025, 6:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$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
| Date | Event | Price |
|---|---|---|
| Jan 17, 2018 | Home Sold | $800,000 |
| Jan 28, 2000 | Home Sold | $123,000 |
Tax history
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $32,079. The most common annual income of people living in Brooklyn, NY is less than $<35k. The majority of families are single, no kids. Residents of this area typically 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)
Pro Boxing
Hiking/backpacking
Where do the neighbors shop?
H&M
Burlington
Bloomingdales
Where do the neighbors go to eat?
Popeyes
Boston Market
White Castle
What do the neighbors drive?
Nissan
Honda
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Alternative
All data provided by Home Junction and Claritas
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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.
Brooklyn, NY housing market in March 2025 saw over 22 listings sold above listed price, more than 171 sold at listed price and over 156 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.