$1,099,000
Updated 10 years ago
Off Market

7 Brighton 8th Court

Brighton Beach, Brooklyn | Brighton 8th Street & Coney Island Ave

13 Rooms10 Beds3.5 Baths2,808 Square FeetMulti-Family

$1,099,000
floors / apts2 / 3
Lot Size22'x115'
Built Size18'x52'
ZoneR6
Building TypeTownhouse
RE Taxes$5,460
Price Per SF
$391

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Driveway
  • Stoop Entry

Property Description for 7 Brighton 8th Court

Location ! Brighton 8 Ln @ Coney Island Ave. ! This large, almost 3,000 Sq. Ft., 3 family semi-detached brick building with sheered driveway has a big backyard with possibility to park few cars ! The building is conveniently located at Brighton Beach area of South Brooklyn , steps away from all the shopping, transportation, schools, and houses of worship. It consists of 4 BDR ( rented for $ 1,750 a month )on 3rd floor , 3 BDR ( rented for $1,500 a month ) on 2nd floor and three rooms studio on 1st floor ( rented for $1,650 ) . Two storage on backyard rented for $150 a month each. The property is in a great condition and 100 occupied. The Gross Annual Income (GAI) is $ 71,400. Total Annual Expenses are $15,000 (include R.E.Tax $ 5,459 a yaer ). Net Operating Income (NOI) is $ 56,400 with CAP Rate 5.6. Tenants on 3rd and 2nd floors pay electric, gas and hot water bills individually. Apartments on 2nd & 3rd floors was rented long time ago and rent never was increased . It is a perfect opportunity for the owner/user or savvy investor to purchase this money making house

Listing History for 7 Brighton 8th Court

Now
11/20/2016
POM by Sergey Gorokhov
Starealty Estate
07/14/2016
$1,099,000
Initial Price by Sergey Gorokhov
Starealty Estate

Building Details for 7 Brighton 8th Court

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts2/3
Learn More About the Building

Transit and Citi Bike

Subway

Brighton Beach
0.36 miles
Sheepshead Bay
0.44 miles

Contact Agent

Contact Agent

Sergey Gorokhov
Starealty Estate

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: 49017TH