#488443, Listing Office: Winzone Realty Inc
3022 Brighton 8th St Brooklyn, NY 11235
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
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.
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$2,200,000
3022 Brighton 8th St
$10,000
closing credit¹
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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 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.
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.