3022 Brighton 8th St 12 Unit Apartment Building $2,612,302 CAD ($217,692 CAD/Unit) 10.54% Cap Rate Brooklyn, NY 11235

Revived Residential is pleased to present 3022 Brighton 8th Street, an income producing 12-unit property located in the heart of Brighton Beach, Brooklyn. Built in 1932, the building sits on a 25’ x 60’ lot with building dimensions of 21’ x 47’, totaling approximately 2,961 square feet across two stories plus a finished basement. The property consists of 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment - collectively generating a gross annual rent roll of $253,464 with a net income of approximately $200,200. This equates to a strong 10.5% capitalization rate, providing investors with reliable cash flow. Recent upgrades include a new roof with solar panels, updated plumbing and electrical systems, tile flooring throughout, and a water heater and boiler replaced just three years ago. These capital improvements significantly reduce near-term maintenance costs for a new owner. Brighton Beach remains one of South Brooklyn’s most vibrant neighborhoods, offering convenient access to retail, restaurants, and transit options, including the B and Q subway lines. The property is situated near Ocean View Avenue and Brighton 7th Street, placing it within walking distance to the Brighton Beach boardwalk and Atlantic Ocean. With its healthy rent roll, major building upgrades, and prime Brighton Beach location, 3022 Brighton 8th Street represents an excellent investment opportunity for buyers seeking a stable, income-producing multifamily asset in Brooklyn.