$1,995,000
$304K PRICE DROP

Estimated payment $11,570/month

Total Views 3,544
4 Beds
-- Bath
3,040 Sq Ft
$656 Price per Sq Ft

About This Home

Presenting a prime investment opportunity in the heart of Brighton Beach, 702 Banner Avenue is a well-positioned corner mixed-use building offering both immediate income potential and long-term value. The property spans approximately 3,040 square feet across three levels and sits on a 1,752 square foot lot. The lower and first floors are currently built out as a daycare facility, making this an ideal acquisition for an owner-operator in the childcare sector. The second floor features a spacious four-bedroom apartment, adding valuable residential income to the asset. This versatile property includes a private backyard and benefits from excellent accessibility, located just moments from the Belt Parkway and major public transportation options. Whether for continued use as a daycare or as a repositioning opportunity, this building is well-suited for both investors and end-users seeking a corner-lot asset in a growing neighborhood.

Listing Agent

Denis Abayev

COMMERCIAL ACQUISITIONS INC Listed on: 07/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,396

Interior Spaces

  • 4 Bedrooms
  • 3,040 Sq Ft Home
  • 2-Story Property

Additional Features

  • 1,752 Sq Ft Lot
  • Ground Level Unit

Community Details

  • Brighton Beach Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,396

Lot Details

0

Listing Details

  • HamletID: 0
  • LandRentAmount: 0
  • Number Of Stories: 2
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Brooklyn
  • PropertyTownship: Kings
  • Prop. Type: Multi-Unit (2-4)
  • Renovation Year: 0
  • ResidentialStyle: 1500
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • ViewStreet: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Master Bedroom Ground Floor: Yes
  • Fireplaces: 0
  • AboveArea Sq Ft: 3040

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 1752
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 4
  • Total Taxes: 14396

Tax Info

  • Tax Year: 0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $13,932 $322,650 $61,650 $261,000
2024 $13,932 $288,900 $61,650 $227,250
2023 $12,639 $267,750 $61,650 $206,100
2022 $11,646 $307,800 $61,650 $246,150
2021 $10,792 $246,150 $61,650 $184,500
2019 $10,742 $258,750 $61,650 $197,100
2018 $9,546 $81,039 $15,974 $65,065
2017 $9,327 $75,052 $17,194 $57,858
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 Price Changed $1,995,000 -13.2% $656 / Sq Ft
07/02/2025 07/02/25 For Sale $2,299,000 -- $756 / Sq Ft
Source: NY State MLS

Source: NY State MLS

MLS Number: 11528858

NY State MLS

APN: 07264-0138