$4,000,000
Updated 6 years ago
Off Market

421 Brighton Beach Ave

Brighton Beach, Brooklyn | Brighton 4th Street & Brighton 5th Street

3 Beds3,240 Square FeetMixed Use

$4,000,000
floors / apts2 / 1
Lot Size20'x100'
ZoneR6
Building TypeLow-Rise
RE Taxes$45,055
Price Per SF
$1,235

Building Amenities

  • Voice Intercom

Property Description for 421 Brighton Beach Ave

The property is located in a C1-2 district in a R-6 residential zone, inside the Special Brighton Beach district. FAR would be 3 for a combined residential / commercial use of the property, with a max of 1.25 for the residential portion. Based on a total lot area of 2,000SF, the max. Total floor area would be approx. 6,000SF, Triple Net Building has a high producing income. Current rent for floor one is: $13,624 and for floor two is: $7,423. CAP Rate 6.3%.

Building Details for 421 Brighton Beach Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1927
Floors/Apts2/1
Learn More About the Building

Transit and Citi Bike

Subway

Brighton Beach
0.06 miles
Ocean Pkwy
0.32 miles

Contact Agent

Contact Agent

Semen Ifraimov
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.

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: 77933TH