![[Brighton Beach Real Estate, listing number 3315312]](https://www.vlshomes.com/images/full/3315312a.jpg)
| Description: 3315312 | |
| This well-maintained building in the vibrant Brighton Beach neighborhood of Brooklyn offers a variety of unit types, providing a steady rental income stream. The property includes 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment. The units generate a total monthly rent of $21,122 and a gross yearly rent roll of $253,464, with a net income of $200,200. Expenses include heat ($8,500), electric ($4,800), water/sewer ($4,800), insurance ($10,000), taxes ($15,000), and repairs ($7,000), for total annual expenses of $50,100. The building features a new roof with solar panels, new plumbing, updated electrical systems and tile throughout. The water heater and boiler are 3 years old. With a cap rate of 9.1%, this property offers a steady cash flow appealing to investors. It`s conveniently located near local amenities, transportation, and the Brighton Beach community. | |
Details: |
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| Families: | 10 | |
| Property Type: | Multi-Family | |
| Built: | 1932 | |
Financials: |
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| Price: | $2,199,000 | |
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