Brighton Beach | Coney Island Ave & Brighton 8th ST
- $ 1,950,000
- Bedrooms
- Bathrooms
- Building Type
- 4,800/446 Approx. SF/SM
- Details
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- Mixed UseOwnership
- $ 11,822Anual RE Taxes
- 20'x80'Building Size
- 20'x88'Lot Size
- 1930Year Built
- Contract SignedStatus
- Description
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Great investment opportunity! Mixed use brick building 1 retail store and 5 family in Brighton Beach. Building size: 20x80. Lot size: 20x88. Tax: $11,822. Zoning R5. New gas boiler and water heater. Excellent condition overall. Gross annual income $115,200. Total annual expenses: $23,782. Net income: $91,418. Cap rate 6%. Situated between Coney Island and Manhattan Beach, Brighton Beach is a vibrant neighborhood also known as Little Odessa and Little Russia. Brighton Beach is home to a close-knit community, which offers strong support for an array of local shops, diverse eateries, and spirited nightlife spots. More tranquil than neighboring Coney Island, Brighton Beach offers its own historic boardwalk, where residents and visitors can go for a walk or grab a bite to eat at any of the many cafes and restaurants. The beach is a popular destination in the summertime, and a year-round favorite for locals. Convenient subway access makes getting around from Brighton Beach a breeze.
Great investment opportunity! Mixed use brick building 1 retail store and 5 family in Brighton Beach. Building size: 20x80. Lot size: 20x88. Tax: $11,822. Zoning R5. New gas boiler and water heater. Excellent condition overall. Gross annual income $115,200. Total annual expenses: $23,782. Net income: $91,418. Cap rate 6%. Situated between Coney Island and Manhattan Beach, Brighton Beach is a vibrant neighborhood also known as Little Odessa and Little Russia. Brighton Beach is home to a close-knit community, which offers strong support for an array of local shops, diverse eateries, and spirited nightlife spots. More tranquil than neighboring Coney Island, Brighton Beach offers its own historic boardwalk, where residents and visitors can go for a walk or grab a bite to eat at any of the many cafes and restaurants. The beach is a popular destination in the summertime, and a year-round favorite for locals. Convenient subway access makes getting around from Brighton Beach a breeze.
Listing Courtesy of RE/MAX Edge
- View more details +
- Features
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- Exposed Bricks
- Hardwood Floors
- Close details -
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
