$1,650,000

712 Banner Ave Brooklyn, NY 11235

Brighton Beach Neighborhood

Estimated payment $9,399/month

-- Bed
4 Baths
3,040 Sq Ft
$543 Price per Sq Ft

Highlights

  • Virtual Doorman
  • Multiple cooling system units
  • Back Yard
  • Wood Flooring
  • Baseboard Heating
  • 4-minute walk to Grady Playground

About This Home

Exceptional fully renovated 4-Family home on the border of Brighton Beach and Sheepshead Bay is now offered for sale! An outstanding investment opportunity awaits in one of South Brooklyn’s most desirable coastal neighborhoods. This 4-family semi-detached home has been completely renovated from top to bottom, offering modern comfort, quality finishes, and solid rental income. Each unit is currently rented, providing immediate and reliable returns for investors or owner-occupants. The property also features a fully finished basement, ideal for additional recreation or storage space. Perfectly positioned near public transportation, shopping, schools, and restaurants, this home offers both convenience and long-term value. Enjoy being within a short distance of the beaches and the iconic Brighton Beach Boardwalk, where the best of city and coastal living meet. This turnkey property combines strong income potential with a prime location—a rare find in today’s market.

Listing Agent

Gennadiy Gershanovich

RE/MAX City Square License #10311209364 Listed on: 11/12/2025

RE/MAX City Square

Co-Listing Agent

Natalya Gershanovich

RE/MAX City Square License #10401335127

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,422

Year Built

  • Built in 1930

Lot Details

  • 2,253 Sq Ft Lot
  • Lot Dimensions are 88 x 25
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,040 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Multiple cooling system units
  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 7264

Community Details

Building Details

  • Fuel Expense $3,000
  • Insurance Expense $2,800

Additional Features

  • 4 Units
  • Virtual Doorman

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,422

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 76.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117760
  • Co List Office Phone: (718) 312-0927
  • Confirmed By M L S Y N: Yes
  • Cross Street: Brighton 8th St
  • Cross Street Name2: Coney Island Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard
  • Number Of Families: 4
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Rent Income Period: 12
  • Residential Features: A/C Unit - Wall
  • Fill Sq Ft Total: 3040
  • Building Stories: 2
  • Street Name I D X: Banner
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 4
  • Flooring: Hardwood
  • Lot Sq Ft: 2253

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Siding
  • Foundation Details: Poured Concrete
  • Lot Number: 143
  • Roof: Flat

Utilities

  • Air Conditioning Units: 4
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 88
  • Lot Size Width: 25
  • Zoning: R6

Rental Info

  • Rent Income: 9833

Multi Family

  • Annual Gross Expense: 54000.00
  • Annual Gross Income: 118000
  • Insurance Expense: 2800.00
  • Unit Count: 4

Tax Info

  • Flip Tax Amount: 8422.00

Map

Range of Values:

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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 $8,422 $52,440 $15,960 $36,480
2024 $8,422 $48,840 $15,960 $32,880
2023 $8,034 $46,980 $15,960 $31,020
2022 $7,450 $43,320 $15,960 $27,360
2021 $7,410 $39,540 $15,960 $23,580
2020 $7,410 $49,020 $15,960 $33,060
2019 $7,310 $45,300 $15,960 $29,340
2018 $6,720 $32,966 $13,941 $19,025
2017 $6,340 $31,100 $14,093 $17,007
2016 $5,865 $29,340 $15,960 $13,380
2015 $4,653 $29,340 $15,960 $13,380
2014 $4,653 $29,340 $15,960 $13,380
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 For Sale $1,650,000 -- $543 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $125,000 --
Deed $125,000 --
Interfamily Deed Transfer $125,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 497244

Brooklyn Board of REALTORS®

APN: 07264-0143

New York Kings County Brooklyn 11235 Brighton Beach

712 Banner Ave, Brooklyn, NY

For Sale

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Gennadiy Gershanovich
Listing Agent
Gennadiy Gershanovich
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RE/MAX City Square
(929) 298-3551