3022 Brighton 8th Street Brooklyn NY 11235 MLS #489225

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.