Seller's Agent in 2025
Denis Abayev
COMMERCIAL ACQUISITIONS INC
(718) 954-1363
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.
| 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 |
| 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 |
Seller's Agent in 2025
Denis Abayev
COMMERCIAL ACQUISITIONS INC
(718) 954-1363