3022 Brighton 8th St - Apartments FOR SALE


Brooklyn, NY 11235- Brighton Beach
$1,899,000 USD
631-872-8265
3022 Brighton 8th St, Brooklyn, NY for Sale
$1,899,000 USD
Apartments - FOR SALE
1/28
null | 10.54% Cap Rate

3022 Brighton 8th St
Brooklyn, NY 11235
Brighton Beach


HIGHLIGHTS

  • Strong Cash Flow
  • Turn Key
  • Fully Occupied

OVERVIEW

Revived Residential is pleased to present 3022 Brighton 8th Street, an income producing 12-unit property located in the heart of Brighton Beach, Brooklyn. Built in 1932, the building sits on a 25’ x 60’ lot with building dimensions of 21’ x 47’, totaling approximately 2,961 square feet across two stories plus a finished basement. The property consists of 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment - collectively generating a gross annual rent roll of $253,464 with a net income of approximately $200,200. This equates to a strong 10.5% capitalization rate, providing investors with reliable cash flow. Recent upgrades include a new roof with solar panels, updated plumbing and electrical systems, tile flooring throughout, and a water heater and boiler replaced just three years ago. These capital improvements significantly reduce near-term maintenance costs for a new owner. Brighton Beach remains one of South Brooklyn’s most vibrant neighborhoods, offering convenient access to retail, restaurants, and transit options, including the B and Q subway lines. The property is situated near Ocean View Avenue and Brighton 7th Street, placing it within walking distance to the Brighton Beach boardwalk and Atlantic Ocean. With its healthy rent roll, major building upgrades, and prime Brighton Beach location, 3022 Brighton 8th Street represents an excellent investment opportunity for buyers seeking a stable, income-producing multifamily asset in Brooklyn.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$962 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,250

CAP RATE

10.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R6

APN/PARCEL ID

08669-0004,08676-0051,08677-0012

ASK ABOUT THIS PROPERTY

Robert BurnettRevived ResidentialMore Info
631-872-8265

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Robert BurnettRevived ResidentialMore Info
631-872-8265

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