Linecity
BuyRent
Agents

Agent Search

Enter Agent Name
BuildingsNeighborhoodsBlogAwards Show
Sign UpLog In
262 Neptune Ave
Brighton Beach, Brooklyn | Brighton 5th Street & Brighton 6th Street
26 Rooms10 Beds8 Baths6,636 Square FeetRental Property
$2,100,000
$2,100,000
Updated 8 years ago
Sold

262 Neptune Ave

Brighton Beach, Brooklyn | Brighton 5th Street & Brighton 6th Street

26 Rooms10 Beds8 Baths6,636 Square FeetRental Property

$2,100,000
floors / apts3 / 8
Lot Size24'x110'
Built Size24'x92'
ZoneR6
Building TypeLow-Rise
RE Taxes$21,570
Price Per SF
$316

Listing Features

  • Oil Heat

Outdoor space and views

  • Backyard
  • Frontyard

Building Amenities

  • Voice Intercom
  • Outdoor Parking

Property Description for 262 Neptune Ave

Great investment property is offered for sale in one of the fast upcoming neighborhoods in Brooklyn. Situated on Neptune Avenue in Brighton Beach this three story red brick corner building has 8 apartments: 6 one bedroom and 2 two bedroom plus one commercial store and a parking lot currently serving 4 cars. Verizon long lease for the mobile communications on the roof of the building provides additional income. The Neptune Avenue is second largest commercial traffic thoroughfare in Brighton Beach. There are several new commercial and residential developments nearby making the commercial store very valuable. The building is 3 block away from the beach and the nearest subway lines. Two out of eight apartments has been gut renovated in 2015. Commercial lease expires in December of 2017 making it a tremendous opportunity for substantial increase in income. The boiler had total overhaul and building common area were recently renovated.A worry free opportunity to invest and collect high income worry free. Lot dimensions: 24.17' x 110.25'; building built 24' x 92' with total of 6,636 sq. ft. Oil heated.Total Income $ 149,622Real Estate Tax $ 21,570Water$ 5,675Heating Oil$ 15,630

Listing History for 262 Neptune Ave

Now
04/13/2016
$2,100,000
Sold and Closed by Roland Levin
Douglas Elliman
03/10/2016
Contract Signed by Roland Levin
Douglas Elliman
Load More

Building Details for 262 Neptune Ave

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1935
Floors/Apts3/8
Learn More About the Building

Transit and Citi Bike

Subway

Brighton Beach
0.25 miles
Ocean Pkwy
0.44 miles

Contact Agent

Contact Agent

Roland Levin
Douglas Elliman

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.

More

Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
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: 52801TH
Let us know if you see something incorrect on this listing.
Line City

Find home.  Discover happiness.TM

About LinecityTermsPrivacyListings PolicyContact UsFeedback
Linecity © 2026.  All rights reserved.