3022 BRIGHTON 8TH Street, New York City, NY 11235
Listing Courtesy of Revived Residential
$1,899,000
Potential Rebate: $28,485
Overview
<p> This well-maintained building in the vibrant Brighton Beach neighborhood of Brooklyn offers a variety of unit types, providing a steady rental income stream. The property includes 8 Single Room Occupancy (SRO) units, 2 private rooms, 1 studio, and 1 two-bedroom apartment. The units generate a total monthly rent of $21,122 and a gross yearly rent roll of $253,464, with a net income of $200,200. Expenses include heat ($8,500), electric ($4,800), water/sewer ($4,800), insurance ($10,000), taxes ($15,000), and repairs ($7,000), for total annual expenses of $50,100. The building features a new roof with solar panels, new plumbing, updated electrical systems and tile throughout. The water heater and boiler are 3 years old. With a cap rate of 9.1%, this property offers a steady cash flow appealing to investors. It's conveniently located near local amenities, transportation, and the Brighton Beach community.</p>
Home Features
- •In Unit
- •Smoke Free
Estimated Monthly Payment
$10,634 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$28,485
Monthly savings impact
$79/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Rebates Up To
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Revived Residential
Data Source: TRESTLE #RLS20054555
Price Analysis
Compare average listing prices and value metrics for 3022 BRIGHTON 8TH Street against the surrounding Brighton Beach market.
Average List Price
Price Per SqFt
15.19% Lower
than the Brighton Beach price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Brighton Beach
Overview of Brighton Beach
Brighton Beach is "Little Odessa" by the sea. Located directly on the ocean next to Coney Island, it is world-famous for its Russian-speaking community, boardwalk, and lively summer energy. For buyers seeking Brighton Beach Brooklyn real estate, it offers oceanfront luxury condos and a distinct European resort vibe.
Living in Brighton Beach is unique. You hear Russian spoken more than English, buy caviar at local markets, and can swim in the ocean every morning. As a coastal Brooklyn NYC neighborhood, it offers a beach lifestyle within the city limits.
Real Estate & Housing Market
The market for homes for sale in Brighton Beach features high-rise luxury condos like Oceana, offering pools and ocean views, as well as more modest co-ops.
It is a dense, high-rise neighborhood that feels like a separate city on the sea.
Lifestyle & Community
The lifestyle in Brighton Beach is food and water-centric. Residents walk the boardwalk, dine at Tatiana's (famous for its floor shows), and shop at Brighton Beach Avenue's gourmet markets.
The community is tight-knit, with a massive immigrant population from the former Soviet Union.
Transportation & Accessibility
Brighton Beach is served by the B and Q trains. The Q provides a direct, albeit long (50 min), ride to Midtown.
The view from the train as it approaches the ocean is one of the best in the system.
Parks, Schools & Amenities
The Beach and Boardwalk are the parks. Miles of open oceanfront for walking and swimming.
Amenities are specialized: Russian bathhouses (banyas), supper clubs, and international grocery stores.
Who This Neighborhood Is Best For
Brighton Beach is best for beach lovers, Russian speakers, and anyone who wants ocean views and strong cultural flavor.
