$1,250,000
Updated 8 years ago
Off Market

125 Neptune Ave

Brighton Beach, Brooklyn | Brighton 10th Street & Gray Court

19 Rooms13 Beds3 Baths2,900 Square FeetMulti-Family

$1,250,000
floors / apts2 / 3
Lot Size25'x70'
Built Size18'x51'
ZoneR6
Building TypeHouse
RE Taxes$5,562
Price Per SF
$431

Outdoor space and views

  • Backyard

Property Description for 125 Neptune Ave

A large 2,900 Sq. Ft, 3 Family detached building conveniently located in the Prime of South Brooklyn, on the Northern side of Neptune Ave between E 11th and E 12th Streets, steps away from all the shopping, transportation, schools, houses of worship, parks, few blocks away from the sandy beach and both promenades - Manhattan/Brighton Beach and Emmons Avenue, with all the attractions and restaurants. The building consists of 5 BDR, 4 BDR and 4 BDR apartments. The property is in a great condition and 100% occupied. The Gross Annual Income (GAI) is $84,288. Total Annual Expenses are $16,942. Net Operating Income (NOI) is $67,346 with CAP Rate 6.73%. Tenants pay electric, gas and hot water bills individually. Property also comes with 5,750 buildable Sq. Ft. of additional air rights. It is a perfect opportunity for the owner/user or savvy investor to purchase this money making property"

Listing History for 125 Neptune Ave

Now
08/10/2018
POM by Andrey Yanoff
City Express Realty, LLC.
08/10/2018
Expired by Keat Chong
Property Zone Realty

Building Details for 125 Neptune Ave

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts2/3
Learn More About the Building

Transit and Citi Bike

Subway

Brighton Beach
0.37 miles
Sheepshead Bay
0.38 miles

Contact Agent

Contact Agent

Keat Chong
Property Zone Realty

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: 63618TH