$1,049,000
Updated 8 years ago
Off Market

3032 Brighton 7th Street

Brighton Beach, Brooklyn | Brighton Beach Ave & Ocean View Ave

18 Rooms15 Beds3.5 Baths2,800 Square FeetIncome Property

$1,049,000
floors / apts2 / 15
Lot Size25'x100'
Built Size19'x63'
ZoneR6
Building TypeTownhouse
RE Taxes$14,906
Price Per SF
$375

Listing Features

  • Gas Heat

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Outdoor Parking
  • Stoop Entry

Property Description for 3032 Brighton 7th Street

Fully Gutted and Renovated Detached 15 Unit SRO (Rooming House). The entire building was upgraded in 2013. Total Annual Rent is $123,900, Total Annual Expense is $40,035 (Including all utilities and flood insurance). Net Income - $83,865. Cap Rate is 8.8 Percent, Rent Roll- 11.3 times of asking price. 100 Percent Occupancy. No work needed. Close to B/Q train, shopping and all. Serious buyer only.

Building Details for 3032 Brighton 7th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts2/15
Learn More About the Building

Transit and Citi Bike

Subway

Brighton Beach
0.09 miles
Ocean Pkwy
0.42 miles

Contact Agent

Contact Agent

Peter Pan
Pullini Realty Corp.

Brighton Beach | Brooklyn

Quick Profile

Once known by the nickname “Little Odessa,” due to the large number of Russians and eastern Europeans that settled in the area, Brighton Beach is a delightful seaside town that has a lot to offer its residents. Take a walk through Brighton Beach and find a plethora of traditional ethnic restaurants offering Russian cuisine, as well as food markets where you can find the specialized ingredients to prepare these dishes in your own kitchen.

Brighton Beach provides a much calmer beach and boardwalk experience than nearby Coney Island, and you will find more locals than tourists at the locally owned markets, shops, attractions, and even at the ritzy nightclubs. The area was originally developed as a refuge for the wealthy, so they could flee the heat of the NYC streets. There were luxury hotels and even a racetrack at one time.

Now the area is filled with large apartment buildings, many offering ocean or boardwalk views. The area was immortalized by Neil Simon in his play, Brighton Beach Memoirs. If you walk through the neighborhood, you might get the feeling that you have been transported back to the New York of the 1930s, as the appearance of the neighborhood hasn’t changed all that much in the intervening years.

Living at or near the beach, which is free to the public, offers many opportunities for both relaxation and entertainment. City dwellers are rediscovering this little oceanside gem and are moving into the area in search of affordable housing and a more laid back pace of living. Although it might seem very far from the chaos and noise of Manhattan, there are two subways that make for an easy commute, so it is possible to work in the City and live at the beach.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 47371TH