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Seller's Agent in 2025
Robert Burnett
Revived Residential
Estimated Value: $849,654
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.
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Brighton 3022 Llc | $800,000 | -- | |
Levitt Laura | $123,000 | Fidelity National Title Ins |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Brighton 3022 Llc | $400,000 |
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
10/14/2025 10/14/25 | For Sale | $2,199,000 | -- | -- |
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $13,513 | $155,250 | $15,750 | $139,500 |
2024 | $13,513 | $134,100 | $15,750 | $118,350 |
2023 | $12,542 | $102,600 | $15,750 | $86,850 |
2022 | $12,234 | $104,400 | $15,750 | $88,650 |
2021 | $11,537 | $94,050 | $15,750 | $78,300 |
2020 | $11,537 | $104,850 | $15,750 | $89,100 |
2019 | $11,203 | $104,850 | $15,750 | $89,100 |
2018 | $10,932 | $91,350 | $15,750 | $75,600 |
2017 | $10,909 | $85,950 | $15,750 | $70,200 |
2016 | $10,442 | $81,000 | $15,750 | $65,250 |
2015 | $10,264 | $81,900 | $15,750 | $66,150 |
2014 | $10,264 | $91,350 | $4,050 | $87,300 |
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Seller's Agent in 2025
Robert Burnett
Revived Residential