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18 Brighton 4th Ter 4 Unit Apartment Building $1,600,000 ($400,000/Unit) 4.67% Cap Rate Brooklyn, NY 11235
Investment Highlights
- Renovated Free Market 4 Unit Building with Basement Units in Prime Brighton Beach
- Each unit features modern kitchens, updated bathrooms, and its own dedicated Navien boiler and tankless water heater
- The building also includes a full finished basement with strong potential to convert the property into a legal 5-family home
- brick semi-detached 4-family building - three spacious 2-bedroom, 1.5-bathroom units and one 1-bedroom unit, all with free market rents
- Tenants pay their own fuel and hot water, which significantly reduces operating expenses for the owner
- Additional upside exists with the potential to charge for parking
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 18 Brighton 4 Ter, Brooklyn, NY 11235.
The subject property is a fully renovated brick semi-detached 4-family building in the heart of Brighton Beach, Brooklyn.
The property offers three spacious 2-bedroom, 1.5-bathroom units and one 1-bedroom unit, all with free market rents. Each unit features modern kitchens, updated bathrooms, and its own dedicated Navien boiler and tankless water heater. Tenants pay their own fuel and hot water, which significantly reduces operating expenses for the owner.
The building also includes a full finished basement with strong potential to convert the property into a legal 5-family home. Additional upside exists with the potential to charge for parking.
The property is located within walking distance to the B and Q trains at Brighton Beach Subway Station, the F train at Neptune Avenue, and the Q train at Ocean Parkway Station, as well as close proximity to the beach, boardwalk, and Belt Parkway.
This turnkey income-producing property is ideal for investors or end-users seeking strong rental income in a prime coastal Brooklyn location.
The subject property is a fully renovated brick semi-detached 4-family building in the heart of Brighton Beach, Brooklyn.
The property offers three spacious 2-bedroom, 1.5-bathroom units and one 1-bedroom unit, all with free market rents. Each unit features modern kitchens, updated bathrooms, and its own dedicated Navien boiler and tankless water heater. Tenants pay their own fuel and hot water, which significantly reduces operating expenses for the owner.
The building also includes a full finished basement with strong potential to convert the property into a legal 5-family home. Additional upside exists with the potential to charge for parking.
The property is located within walking distance to the B and Q trains at Brighton Beach Subway Station, the F train at Neptune Avenue, and the Q train at Ocean Parkway Station, as well as close proximity to the beach, boardwalk, and Belt Parkway.
This turnkey income-producing property is ideal for investors or end-users seeking strong rental income in a prime coastal Brooklyn location.
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Yard
- Basement
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 07262-0030 | Improvements Assessment | $207,450 |
| Land Assessment | $77,850 | Total Assessment | $285,300 |
Property Taxes
Parcel Number
07262-0030
Land Assessment
$77,850
Improvements Assessment
$207,450
Total Assessment
$285,300
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