18 Brighton 4th Ter - Apartments FOR SALE


Brooklyn, NY 11235- Brighton Beach
$1,600,000 USD
718-360-8837
18 Brighton 4th Ter, Brooklyn, NY for Sale
$1,600,000 USD
Apartments - FOR SALE
1/16
null | 4.67% Cap Rate

18 Brighton 4th Ter
Brooklyn, NY 11235
Brighton Beach


HIGHLIGHTS

  • Renovated Free Market 4 Unit Building with Basement Units in Prime Brighton Beach
  • brick semi-detached 4-family building - three spacious 2-bedroom, 1.5-bathroom units and one 1-bedroom unit, all with free market rents
  • Each unit features modern kitchens, updated bathrooms, and its own dedicated Navien boiler and tankless water heater
  • Tenants pay their own fuel and hot water, which significantly reduces operating expenses for the owner
  • The building also includes a full finished basement with strong potential to convert the property into a legal 5-family home
  • Additional upside exists with the potential to charge for parking

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 18 Brighton 4 Ter, Brooklyn, NY 11235. The subject property is a fully renovated brick semi-detached 4-family building in the heart of Brighton Beach, Brooklyn. The property offers three spacious 2-bedroom, 1.5-bathroom units and one 1-bedroom unit, all with free market rents. Each unit features modern kitchens, updated bathrooms, and its own dedicated Navien boiler and tankless water heater. Tenants pay their own fuel and hot water, which significantly reduces operating expenses for the owner. The building also includes a full finished basement with strong potential to convert the property into a legal 5-family home. Additional upside exists with the potential to charge for parking. The property is located within walking distance to the B and Q trains at Brighton Beach Subway Station, the F train at Neptune Avenue, and the Q train at Ocean Parkway Station, as well as close proximity to the beach, boardwalk, and Belt Parkway. This turnkey income-producing property is ideal for investors or end-users seeking strong rental income in a prime coastal Brooklyn location.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

4

PRICE/UNIT

$400,000

CAP RATE

4.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6/ OP

APN/PARCEL ID

07262-0030

ASK ABOUT THIS PROPERTY

Toby WaringInvestment Property Realty GroupMore Info
718-360-8837

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Toby WaringInvestment Property Realty GroupMore Info
718-360-8837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.