This well-maintained building in the vibrant Brighton Beach neighborhood of Brooklyn offers a variety of unit types, providing a steady rental income stream. The property includes 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment. The units generate a total monthly rent of $21,122 and a gross yearly rent roll of $253,464, with a net income of $200,200. Expenses include heat ($8,500), electric ($4,800), water/sewer ($4,800), insurance ($10,000), taxes ($15,000), and repairs ($7,000), for total annual expenses of $50,100. The building features a new roof with solar panels, new plumbing, updated electrical systems and tile throughout. The water heater and boiler are 3 years old. With a cap rate of 9.1%, this property offers a steady cash flow appealing to investors. It's conveniently located near local amenities, transportation, and the Brighton Beach community.
2,961 Sq Ft
1,500 Sq Ft Exterior Space
Multi Family
$15,000 Annual Tax
Built in 1932
MLS/Listing ID 7443809
2 Stories
Flat
Construction - Block
Tile
Poured Concrete
Heating - Gas
Listing Courtesy of REVIVED RESIDENTIAL, ROBERT J. BURNETT - 929-379-3750
Source of Data: BROOKLYN MLS
TOTAL MONTHLY COST
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