2848 Brighton 7th Street

Turnkey Elevator Building – Prime Brighton Beach – 5%+ CAP

2848 Brighton 7th Street
Asking Price $9,000,000
Type Mixed-Use
Neighborhood Brighton Beach
Properties 1
Lot Size 50' X 195'
Zoning Code R6
Size 7,125 SF
Stories 10 stories plus a celler
Units 16 apartments
Air Rights N/A

Investment Highlights:

Meridian Investment Sales is pleased to offer for sale 2848 Brighton 7th Street, a ten-story plus cellar elevator mixed-use building in the booming Brighton Beach neighborhood of Brooklyn. The well-maintained building is 100% occupied with a longstanding day care on the first floor and cellar and 16 large two and three bedroom units from floors two through ten. There are also nine legal parking spaces in the rear offering an alternative source of secure and durable income. Investors will also enjoy incredible tax savings with five years remaining on the 15-year 421a tax exemption. The 421a coupled with individual boilers and tankless hot water heaters for each unit, results in significantly reduced operating expenses. Upon expiration of the abatement in five years, the building will be 100% free market.

Location:

2848 Brighton 7th Street is located between Neptune & Banner Avenue

Property Listing Contact:

David Schechtman // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com

Adan Elias Kornfeld // Vice President // 800 3rd Ave., New York, NY // 212.468.5910 // aeliaskornfeld@meridiancapital.com