NY > Brooklyn > Brighton Beach
Brooklyn, NY 11235,363 Neptune Avenue
Brooklyn, NY 11235,363 Neptune Avenue
Brooklyn, NY 11235,363 Neptune Avenue
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Listing Courtesy of NYC Property Expo, Inc.
$5,100,000
Est. payment /mo
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17,088 SqFt
New

363 Neptune Avenue Brooklyn, NY 11235

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,088 sqft

Price per Sqft $298

Subdivision Brighton Beach

MLS Listing ID RLS20053356

Style Prewar,Walk-Up

HOA Y/N No

Year Built 1930

Annual Tax Amount $89,258

Property Sub-Type Multi Family

Property Description

363 Neptune Avenue presents a rare opportunity to acquire a fully occupied 16-unit free-market multifamily building in the heart of Brighton Beach, one of Brooklyn's most resilient and culturally vibrant neighborhoods. The property generates $38,000+ in monthly net rent with upside from expiring concessions, offering investors strong in-place cash flow and near-term value growth.

This four-story walk-up underwent substantial renovations in recent years, delivering modernized units with updated kitchens, baths, and mechanicals. The building features free-market status throughout, enabling future rent growth in line with market appreciation. With a current NOI of $206,319.19 and a pro forma NOI of ~$280,000, 363 Neptune Avenue supports attractive investment metrics at both stabilized and future valuations.

Located near the B and Q subway lines, oceanfront parks, and bustling retail corridors, this asset offers long-term stability, immediate income, and appreciation potential in one of NYC's most established multifamily submarkets.

Highlights:

Free-Market Building – All 16 Units
Fully Renovated with Updated Systems
Strong In-Place Cash Flow
Pro Forma NOI: ~$280k
Fully Occupied | $38K+ Monthly Net Rent
Turnkey Asset | No Deferred Maintenance
Nearby Beach, Transit, and Amenities

Location

State NY

County Kings

Interior

Cooling Central Air

Equipment Intercom

Fireplace No

Laundry See Remarks

Exterior

Exterior Feature Private Outdoor Space Under 60 Sqft

View Y/N Yes

View City

Porch Patio

Private Pool No

Building

Dwelling Type Multi Family

Story 3

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $7, 438

Pets Allowed Building Yes, Yes

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

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Anthony Guerriero

Anthony Guerriero

Broker

+1(646) 376-8752

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363 Neptune Avenue

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