Gut-Renovated 16-unit Multifamily
$4,550,000
363 Neptune Avenue, Brooklyn, NY 11235
For Sale
Multifamily
Unknown Sub Type
Active
Last Updated: 05/13/2026
6.7
Cap Rate
300,504
NOI
Details:
Cap Rate: 6.7%
NOI: $300,504
Building Size: 17,088 sqft
Units: 16
Year Built: 1930
Price Per Sqft: $266
Highlights:
- Unbeatable Transit Access: Located within short walking distance to the Ocean Parkway Station (Q Train), providing a direct and effcient commute into Manhattan
- Neighborhood Amenities: Steps from the world-famous Brighton Beach boardwalk and beach, as well as an eclectic mix of authentic dining, boutique shopping, and local entertainment
- High-Demand Submarket: Brighton Beach continues to see strong rental growth, driven by its unique blend of seaside living and urban accessibility
- 100% Free-Market: The rare combination of a full gut renovation, a 100% free-market rent roll, and a strategic coastal location makes this one of the most competitive multi-family offerings in the current Brooklyn market.
Documents:
| Title | ||
|---|---|---|
| Executive Summary |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
