3022 Brighton 8th St Brooklyn, NY 11235
Brighton Beach NeighborhoodEstimated payment $11,111/month
Highlights
- Fenced Yard
- 2-minute walk to Brighton Beach
- Tile Flooring
- P.S. 253 The Magnet School of Multicultural Humanities Rated A
- Side Yard
- Brick Front
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,000
Year Built
- Built in 1932
Lot Details
- 1,500 Sq Ft Lot
- Lot Dimensions are 60 x 25
- Fenced Yard
- Side Yard
Home Design
- Flat Roof Shape
- Poured Concrete
- Brick Front
Interior Spaces
- 6 Full Bathrooms
- 2,961 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Finished Basement
Utilities
- Baseboard Heating
- Heating System Uses Gas
- 220 Volts
- Electric Water Heater
Listing and Financial Details
- Tax Block 8677
Community Details
Overview
- 10 Units
Building Details
- Fuel Expense $8,500
- Insurance Expense $10,000
- Utility Expense $4,800
- Gross Income $253,464
- Net Operating Income $200,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2025 12/04/25 | Price Changed | $1,899,000 | -13.6% | $641 / Sq Ft |
| 09/08/2025 09/08/25 | For Sale | $2,199,000 | -- | $743 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $800,000 | -- | |
| Bargain Sale Deed | $123,000 | Fidelity National Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 495574
APN: 08677-0012
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