3024 Brighton 6th St · New York, NY 11235

$899,000

6 bd · 3.0 ba · 2,368 sqft · MultiFamily public records · 58 Days on market

Built 1925 2,000 sqft lot

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Prime Brighton Beach 3 Family Investment Opportunity 3024 Brighton 6th Street is a well-maintained semi-detached 3 family property located just off Brighton Beach Avenue. This property presents a compelling opportunity for investors seeking strong in-place income with added flexibility. The building offers approximately 2,300+ sq ft of interior space and features three well-configured 2-bedroom units, a layout that supports consistent tenant demand and stable occupancy. The property is currently fully occupied and in excellent condition, with the potential to deliver a unit vacant if desired. The property generates approximately $90,000+ in annual gross rental income, with operating expe

Key facts

• R6 zoning
• Semi-detached
• Close to shopping

Tags

• SEMI-DETACHED
• FINISHED FULL BASEMENT
• SHARED DRIVEWAY
• DETACHED GARAGE
• R6 ZONING
• CLOSE TO SHOPPING

Property features AI

Finance

• Other: Building footprint approximately 640 sq ft; Zoning: R6; Lot number 82
• Financial info: Financing available: bank mortgage or cash; Current rents by unit: Unit 1 $2,500; Unit 2 $2,650; Unit 3 $2,350; Property configured as 3-unit multi-family (unit count: 3)

Exterior

• Parking: Shared drive; Detached garage
• Security: No building amenities listed
• Utilities: 110V electric; Gas hot water; Gas for heating; Hot water heat delivery
• Home design: Semi-detached residential building; 3-story configuration (units on floors 1–3); Pitched roof
• Construction: Brick construction; Other exterior materials (see remarks); Poured concrete foundation; Other foundation details
• Exterior features: Back yard

Interior

• Kitchen: Refrigerator; Stove
• Bedrooms: Three units, each with 2 bedrooms (Units on floors 1, 2 and 3)
• Flooring: Hardwood floors; Tile floors; Other flooring (see remarks)
• Bathrooms: Each unit has 1 full bathroom (total 3 full baths in the building)
• Heating & cooling: Hot water heat; Gas heating fuel; Multiple AC units (5+)
• Interior features: Refrigerator; Stove; Other interior features; Finished, full, walk-in basement; 5+ AC units
• Laundry & utility: Washer/dryer not specified

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $899k.

Deal economics

• At list price, monthly cash flow is $3k ($39k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($11k rent vs $899k).
• Recommended offer: $872k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+5.0%/yr); 521 active listings in the ZIP; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $11,265/mo this rent would consume 227% of the median local household income ($60k/yr) (locally 7823% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $27k of value loss. Plan a longer hold.
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.0% rent growth), your $252k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($872k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $135k; list at $899k implies a 566% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 72% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $872,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.25% ✓
• Cap rate: 10.77%
• Cash-on-cash: 16.00%
• DSCR: 1.71
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.04% rent growth · sell at horizon

5-year hold

• IRR: 8.6%
• Equity multiple: 1.35×
• Total profit: $87,220
• Equity at exit: $134,044

10-year hold

• IRR: 19.4%
• Equity multiple: 2.77×
• Total profit: $445,842
• Equity at exit: $77,729

Cash invested: $251,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11235

• Rents YoY: 5.0%
• Active inventory: 521
• Price-to-rent: 20.0×

Monthly cashflow live

• Estimated rent: $11,265 high
• Mortgage (P&I): −$4,714
• Tax from tax record: −$454 /mo · $5,453/yr
• Insurance: −$375
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,366
• Net cashflow: $3,289

Break-even live

Break-even rent $7,101

Max offer price $899,000

Occupancy floor 66%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$11,265
Total (3 units)			$11,265

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $224,750
• Closing costs: $26,970
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $899,000 Active 58 DOM
2. 2026-06-17
   days on market $899,000 Active 57 DOM
3. 2026-06-16
   days on market $899,000 Active 56 DOM
4. 2026-06-15
   days on market $899,000 Active 55 DOM
5. 2026-06-13
   days on market $899,000 Active 53 DOM
6. 2026-06-10
   days on market $899,000 Active 49 DOM
7. 2026-06-08
   days on market $899,000 Active 48 DOM
8. 2026-06-08
   days on market $899,000 Active 47 DOM
9. 2026-06-04
   days on market $899,000 Active 44 DOM
10. 2026-06-03
    days on market $899,000 Active 43 DOM
11. 2026-06-01
    days on market $899,000 Active 41 DOM
12. 2026-05-31
    days on market $899,000 Active 40 DOM
13. 2026-04-21
    listed $899,000 Active
14. 2025-10-07
    price $949,000
15. 2025-09-05
    price $979,000
16. 2025-04-03
    price $999,000
17. 1994-12-07
    soldstatus $135,000
18. 1990-07-11
    soldstatus $60,000
19. 1982-05-01
    soldstatus $27,272

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,453 · $454/mo
• Projected year-2 tax: $10,323 · $860/mo
• Expected delta: +$4,870/yr (+$406/mo · 89.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 96% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $135,180
• − Mortgage interest: −$50,358
• − Property taxes: −$5,453
• − Insurance: −$5,292
• − Repairs & maintenance: −$10,814
• − Management: −$10,814
• − Depreciation: −$26,153
• Taxable income: $26,295
• Est. tax owed @ 24.0%: −$6,311
• After-tax cash flow: $33,162/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 78,558
• Household income: $59,661
• Rent vs Own: 65.2% rent · 34.8% own
• Severe rent burden: 7823.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Asian 15% Two or more races 9% Hispanic / Latino 9% Black 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3%
• Common ancestry: Scotch-Irish 15% Subsaharan African 12% Romanian 2%
• Foreign-born: 63% · China, Canada, Vietnam
• Languages at home: 24% English-only · Russian/Polish/Slavic 48% Chinese 7% Spanish 7%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.73%
• Current HPI: 303.6714
• Rent YoY: ▲ 5.04%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+3196.4% since first listed

7 events — show timeline

• 2026-04-21 Listed $899,000 BNYMLS
• 2025-10-07 Price Changed $949,000 BNYMLS
• 2025-09-05 Price Changed $979,000 BNYMLS
• 2025-04-03 Price Changed $999,000 BNYMLS
• 1994-12-07 Sold (Public Records) $135,000 Public Records
• 1990-07-11 Sold (Public Records) $60,000 Public Records
• 1982-05-01 Sold (Public Records) $27,272 Public Records

Property tax history

+3.1%/yr

Latest (2025): $5,453 · -2.4% YoY. Source: county tax records.