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This Fully Occupied, Well-maintained Brick Mixed-use Building In The Heart Of Vibrant Gravesend, Brooklyn, Offers An Exceptional Investment Opportunity. Spanning Approximately 3, 900 Square Feet Across Two Floors On A 25ft X 100ft Lot, This 1931-built Property (zoned R5b) Features Four Retail Units On The Ground Floor, Including A Deli With Basement Access, And Two Spacious Residential Apartments On The Second Floor (one 3-bedroom, One 2-bedroom, Each Approximately 975 Sq Ft). The Building Generates Strong Income With A Current Gross Annual Income Of $131, 760 And A Projected Gross Of $149, 760 After Recommended Rent Adjustments, Yielding A Current Noi Of $85, 542 And A Projected Noi Of $92, 977.18 (based On Expenses Of $56, 782.82, Including Taxes, Utilities, And Insurance). Its Robust Brick Construction Ensures Low Maintenance, Making It A Turnkey Asset For Investors. Ideally Situated Near The Avenue U Subway Station (n And W Lines, Rated 4.0 With 37 Reviews), The Property Offers Excellent Accessibility To Manhattan And Beyond. Gravesend’s Charm Shines Through With Proximity To Iconic Destinations Like L&b Spumoni Gardens, Renowned For Its Square Sicilian Pizza And Spumoni, As Well As Coney Island’s Famous Boardwalk, Amusement Parks, And The New York Aquarium, All Just A Short Distance Away. This Property Combines Steady Cash Flow, Growth Potential, And A Prime Location In A Sought-after Brooklyn Neighborhood.
Location/Town | New York |
Area/County | Brooklyn |
Post Office/Postal City | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $29,332.00 |
Year Built | 1931 |
Basement | Bilco Door(s), Finished, Full, Storage Space |
Construction | Brick |
Total Units | 6 |
Lot SqFt | 2,500 |
Cooling | Wall/Window Unit(s) |
Util Incl | Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Available, Water Connected |
Days On Market | 1 |
Lot Features | Corner Lot |
Tax Assessed Value | 279900 |
Units | 6 |
Listing information courtesy of: Crifasi Real Estate Inc |