4725 Beach 47th St | Brooklyn, NY 11224
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4725 Beach 47th St
Brooklyn, NY 11224
Beacon Inn · Residential Property For Sale · 7 Units
Investment Highlights
- The property generates approximately healthy cash flow ranging between $22k - $35k per month, which translates to approximately $211k annualized NOI.
- The Beacon Inn is an excellent turnkey investment asset with tremendous income potential and spectacular views in an unbeatable location.
- The property is situated in a rare and highly sought-after location within a gated community, has no encumbering leases and is pristinely maintained.
Executive Summary
RIPCO Investment Sales has been exclusively retained to arrange for the sale of The Beacon Inn, a multi-unit rooming house located at 4725 Beach 47th Street at water’s edge of the Seagate neighborhood in Brooklyn, NY.
The property comprises a two-story 13-unit residential building on a massive 80’ wide lot. All units are beautifully renovated. The property features plentiful outdoor space on upper and lower levels as well as a large yard capable of accommodating 6 or more vehicles.
Beach and boardwalk access is just a few blocks away, while Coney Island Park is just further down the beautiful Surf Avenue corridor with dozens of bars, cafe’s and restaurants. Unprecedented development in the area further underscore the rapid transformation and attractiveness of the neighborhood.
The property comprises a two-story 13-unit residential building on a massive 80’ wide lot. All units are beautifully renovated. The property features plentiful outdoor space on upper and lower levels as well as a large yard capable of accommodating 6 or more vehicles.
Beach and boardwalk access is just a few blocks away, while Coney Island Park is just further down the beautiful Surf Avenue corridor with dozens of bars, cafe’s and restaurants. Unprecedented development in the area further underscore the rapid transformation and attractiveness of the neighborhood.
PROPERTY FACTS
| Price Per Unit | £316,208 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 7.67% | Lot Size | 0.19 AC |
| No. Units | 7 | Building Size | 2,900 SF |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Price Per Unit | £316,208 |
| Sale Type | Investment |
| Net Initial Yield | 7.67% |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,900 SF |
| Number of Floors | 2 |
| Year Built | 1930 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 07037-0083 | Improvements Assessment | £63,385 |
| Land Assessment | £42,740 | Total Assessment | £106,125 |
PROPERTY TAXES
Parcel Number
07037-0083
Land Assessment
£42,740
Improvements Assessment
£63,385
Total Assessment
£106,125
zoning
| Zoning Code | R3-1 (Low density residential district) |
| R3-1 (Low density residential district) |
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