363 Neptune Avenue
Brighton Beach | Brighton 1st Street & Ocean Parkway
Ownership
Multi-Family
Lot Size
30'x140'
Floors/Apts
3/16
Status
Active
Real Estate Taxes
[Per Annum]
$ 89,258
Building Type
Low-Rise
Building Size
27'x75'
Year Built
1930
ASF/ASM
17,088/1,588
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
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
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
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
Listing Courtesy of NYC Property Expo
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Apartment Features
A/C [Central]
View / Exposure
City Views
Building Details [363 Neptune Avenue]
Ownership
Multi-Family
Service Level
Voice Intercom
Access
Walk-up
Block/Lot
7260/111
Building Size
27'x75'
Zoning
R6
Building Type
Low-Rise
Year Built
1930
Floors/Apts
3/16
Lot Size
30'x140'
Mortgage Calculator in [US Dollars]
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Additional building data provided by On-Line Residential [OLR].
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Fair Housing
