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2848 Brighton 7th St 16 Unit Apartment Building $7,750,000 ($484,375/Unit) 6.71% Cap Rate Brooklyn, NY 11235
EXECUTIVE SUMMARY
Great rental investment - Huge cash flow - **Possible condo conversion**. The whole building is for sale. Currently 100% rented with 16 luxury apartments + Community facility + 9 Parking spots. Few blocks from the famous Brighton beach, the subway and other public transportation. The building is elevated and elevator has private entrance to each apartment and opens directly to individual apartments. Additional upgrades include: Video intercom, Anderson windows, Designer kitchens, 9 ft.ceilings, Balcony and/or terrace, Granite counters, Tiled bathrooms, Hot tubs, Hardwood floors, Average apartment is approximately 980sf plus 80sf balcony/terrace. 16 Luxury apartments include 14 two bedroom apartments plus 2 duplex penthouses w/3 bedrooms and outdoor balcony access. Call listing Broker for additional information.
PROPERTY FACTS
| Price | $7,750,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $484,375 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.71% | Building Size | 18,996 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 10 |
| Property Subtype | Apartment | Year Built | 2007 |
| Zoning | R6 - R6 - Medium density residential district | ||
| Price | $7,750,000 |
| Price Per Unit | $484,375 |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 18,996 SF |
| Average Occupancy | 100% |
| No. Stories | 10 |
| Year Built | 2007 |
| Zoning | R6 - R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 14 | - | - |
| 3+1.5 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 07263-0112 | Improvements Assessment | $1,143,450 |
| Land Assessment | $175,950 | Total Assessment | $1,319,400 |
PROPERTY TAXES
Parcel Number
07263-0112
Land Assessment
$175,950
Improvements Assessment
$1,143,450
Total Assessment
$1,319,400
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Presented by
Advisors Realty Inc.
2848 Brighton 7th St
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