$2,200,000

3022 Brighton 8th St Brooklyn, NY 11235

Brighton Beach Neighborhood

Estimated payment $13,382/month

Total Views 2,847
10 Beds
6 Baths
1,974 Sq Ft
$1,114 Price per Sq Ft

Highlights

  • Fenced Yard
  • 2-minute walk to Brighton Beach
  • Tile Flooring
  • P.S. 253 The Magnet School of Multicultural Humanities Rated A
  • Side Yard
  • Brick Front

About This Home

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.

Listing Agent

Michael Napolitano

RE/MAX Edge License #30NA0923110

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,511

Year Built

  • Built in 1932

Lot Details

  • Lot Dimensions are 60 x 25
  • Fenced Yard
  • Side Yard

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Brick Front

Interior Spaces

  • 2-Story Property
  • Tile Flooring
  • Finished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 8677

Community Details

Overview

  • 10 Units

Building Details

  • Fuel Expense $8,491
  • Insurance Expense $11,000
  • Utility Expense $6,000
  • Gross Income $252,636
  • Net Operating Income $201,951

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,511

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 6.00
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 987
  • Building Length: 47.00
  • Building Width: 21.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ocean View Av
  • Cross Street Name2: Brighton 7th St
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Number Of Families: 10
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit
  • Building Stories: 2
  • Street Name I D X: Brighton 8th
  • Street Number I D X: 3022
  • Year Built: 1932
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 10
  • Flooring: Tile

Exterior Features

  • Yard: Side, Fenced - Full
  • Exterior Building Type: Semi-Detached
  • Construction Type: Block
  • Exterior: Brick Face
  • Foundation Details: Poured Concrete
  • Lot Number: 12
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Electric

Fee Information

  • Annual Fuel Expense: 8490.90

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 60
  • Lot Size Width: 25
  • Zoning: R6

Multi Family

  • Annual Gross Expense: 50685.37
  • Annual Gross Income: 252636
  • Insurance Expense: 11000.00
  • Miscellaneous Expense: 7200.00
  • Property Net Operating Income: 201950.63
  • Annual Utility Expenses: 6000.00

Tax Info

  • Flip Tax Amount: 13511.28

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,513 $134,100 $15,750 $118,350
2023 $12,542 $102,600 $15,750 $86,850
2022 $12,234 $104,400 $15,750 $88,650
2021 $11,537 $94,050 $15,750 $78,300
2020 $11,537 $104,850 $15,750 $89,100
2019 $11,203 $104,850 $15,750 $89,100
2018 $10,932 $91,350 $15,750 $75,600
2017 $10,909 $85,950 $15,750 $70,200
2016 $10,442 $81,000 $15,750 $65,250
2015 $10,264 $81,900 $15,750 $66,150
2014 $10,264 $91,350 $4,050 $87,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 For Sale $2,200,000 -- $1,114 / Sq Ft
Source: Brooklyn Board of REALTORS®

Deed History

Date Type Sale Price Title Company
Deed $800,000 --
Bargain Sale Deed $123,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Unknown
Open $400,000 Purchase Money Mortgage
Source: Public Records

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Source: Brooklyn Board of REALTORS®

MLS Number: 489225

Brooklyn Board of REALTORS®

APN: 08677-0012

New York Kings County Brooklyn 11235 Brighton Beach

3022 Brighton 8th St, Brooklyn, NY

Homes for Sale in Brooklyn, NY

This home is located at 3022 Brighton 8th St, Brooklyn, NY 11235 and is currently priced at $2,200,000, approximately $1,114 per square foot. This property was built in 1932. 3022 Brighton 8th St is a home located in Kings County with nearby schools including P.S. 253 The Magnet School of Multicultural Humanities, P.S. K225 - The Eileen E. Zaglin School, and Abraham Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Michael Napolitano
Listing Agent
Michael Napolitano
Section Image
RE/MAX Edge
(347) 744-9666