2848 Brighton 7th St
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2848 Brighton 7th St
16 Unit Block of Flats £6,255,688 (£390,980/Unit) 6.38% Net Initial Yield Brooklyn, NY 11235
Executive Summary
Great rental investment - Huge cash flow - **Possible condo conversion**. The whole building is for sale. Currently 100% rented with 16 luxury apartments + Community facility + 9 Parking spots. Few blocks from the famous Brighton beach, the subway and other public transportation. The building is elevated and elevator has private entrance to each apartment and opens directly to individual apartments. Additional upgrades include: Video intercom, Anderson windows, Designer kitchens, 9 ft.ceilings, Balcony and/or terrace, Granite counters, Tiled bathrooms, Hot tubs, Hardwood floors, Average apartment is approximately 980sf plus 80sf balcony/terrace. 16 Luxury apartments include 14 two bedroom apartments plus 2 duplex penthouses w/3 bedrooms and outdoor balcony access. Call listing Broker for additional information.
Property Facts
| Price | £6,255,688 | Apartment Style | Mid Rise |
| Price Per Unit | £390,980 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 6.38% | Building Size | 19,620 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 16 | Number of Floors | 7 |
| Property Type | Residential | Year Built | 2007 |
| Property Subtype | Apartment |
| Price | £6,255,688 |
| Price Per Unit | £390,980 |
| Sale Type | Investment |
| Net Initial Yield | 6.38% |
| Sale Conditions | 1031 Exchange |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 19,620 SF |
| Average Occupancy | 100% |
| Number of Floors | 7 |
| Year Built | 2007 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Lift
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1.5 | 14 | - | - |
| 3+1.5 | 2 | - | - |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 07263-0112 | Improvements Assessment | £814,061 |
| Land Assessment | £137,672 | Total Assessment | £951,733 |
PROPERTY TAXES
Parcel Number
07263-0112
Land Assessment
£137,672
Improvements Assessment
£814,061
Total Assessment
£951,733
zoning
| Zoning Code | R6 (Residential) |
| R6 (Residential) |
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Presented by
Advisors Realty Inc.
2848 Brighton 7th St
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