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262 Neptune Avenue - Brighton Beach, New York

Property Details:
  • 262 Neptune Avenue - Brighton Beach, New York
  • Price: $2,100,000
  • Monthly Maintenance/CC: $21,570
  • Neighborhood: Brighton Beach
  • Condo
  • Studio
  • Listing ID: 2323029
Building Details:

262 Neptune Avenue - Brighton Beach, New York

Great investment property is offered for sale in one of the fast upcoming neighborhoods in Brooklyn. Situated on Neptune Avenue in Brighton Beach this three story red brick corner building has 8 apartments: 6 one bedroom and 2 two bedroom plus one commercial store and a parking lot currently serving 4 cars. Verizon long lease for the mobile communications on the roof of the building provides additional income. The Neptune Avenue is second largest commercial traffic thoroughfare in Brighton Beach. There are several new commercial and residential developments nearby making the commercial store very valuable. The building is 3 block away from the beach and the nearest subway lines. Two out of eight apartments has been gut renovated in 2015. Commercial lease expires in December of 2017 making it a tremendous opportunity for substantial increase in income. The boiler had total overhaul and building common area were recently renovated.A worry free opportunity to invest and collect high income worry free. Lot dimensions: 24.17' x 110.25'; building built 24' x 92' with total of 6,636 sq. ft. Oil heated.Total Income $ 149,622Real Estate Tax $ 21,570Water$ 5,675Heating Oil$ 15,630

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This listing courtesy of Douglas Elliman

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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2019 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727