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Listing Courtesy of Douglas Elliman Real Estate
$195,000
Est. payment /mo
1 Bed
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type coops
Listing Status Active
Purchase Type For Sale
Subdivision Brighton Beach
MLS Listing ID RLS20092054
Bedrooms 1
Full Baths 1
HOA Fees $1,236/mo
HOA Y/N Yes
Year Built 1963
Property Sub-Type coops
Property Description
Presenting a rare five-unit assemblage opportunity in the heart of Brighton Beach, consisting of five one-bedroom, one-bath residences across 40 Brighton 1st Road and 50 Brighton 1st Road. Offered exclusively as a package deal for $975,000, this investment portfolio includes three units at 40 Brighton 1st Road and two units at 50 Brighton 1st Road. The units cannot be sold individually and will be transferred with all current occupants in place. A pro forma and additional financials are available upon request. Located within highly desirable full-service luxury co-op buildings just moments from the beach and boardwalk, residents enjoy access to amenities including a 24-hour doorman, outdoor swimming pool, sauna/steam room, fitness center, laundry facilities, storage, recreation spaces, and on-site management. Subleasing is permitted after one year of residency, adding long-term flexibility and investment appeal. Each unit is being offered significantly below estimated market value, presenting a unique opportunity for investors seeking future upside through both rental income and long-term appreciation potential. Access to the units will only be granted upon an accepted offer. Perfectly positioned near Brighton Beach Avenue, transportation, shopping, dining, and the B/Q subway lines, this is a rare opportunity to acquire scale and long-term value in one of Brooklyn's most established waterfront communities.
Location
Rooms
Basement Other
Interior
Fireplace No
Appliance Washer Dryer Allowed
Laundry Building Other
Exterior
Exterior Feature None
View Y/N No
Porch None
Private Pool No
Building
Dwelling Type High Rise
Story 16
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Stock Cooperative
Monthly Total Fees $1, 236
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by ACLM Group
Nearby Locations
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