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$ 2,350,000
Est. payment | /mo
3,465 SqFt
$ 2,350,000
Est. payment | /mo
3,465 SqFt
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,465 sqft
Price per Sqft $678
MLS Listing ID 492790
Year Built 1931
Annual Tax Amount $20,543
Property Sub-Type Mixed Use
Property Description
HIGH PROFIT Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces
*OVER $150,000 yearly rental income; *OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%) *
*10%+ annual gain with appreciation.* The building is 20× 105(residential 1365 sq ft; commercial 2100 sq ft) on a lot 20× 115.
First floor – 4 Stores: Deli, Barber Shop, Flower Shop, Office and Garage.
Second floor: 2 two-bedroom apartments.
Store basement: Full semi-finished.
Built in 1931; Zoned R5. Property tax $20,543. VERY busy corner – Right next to N train station and B3 Bus Stop. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.
2025 UPGRADES:
*tested LEAD-FREE!*
*New store floor and subfloor*
*Brick Repointed*
*ROOF waterproofed & Flashed* *Apartments painted*
*New apartment floor*
*OVER $150,000 yearly rental income; *OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%) *
*10%+ annual gain with appreciation.* The building is 20× 105(residential 1365 sq ft; commercial 2100 sq ft) on a lot 20× 115.
First floor – 4 Stores: Deli, Barber Shop, Flower Shop, Office and Garage.
Second floor: 2 two-bedroom apartments.
Store basement: Full semi-finished.
Built in 1931; Zoned R5. Property tax $20,543. VERY busy corner – Right next to N train station and B3 Bus Stop. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.
2025 UPGRADES:
*tested LEAD-FREE!*
*New store floor and subfloor*
*Brick Repointed*
*ROOF waterproofed & Flashed* *Apartments painted*
*New apartment floor*
Location
State NY
County Kings (brooklyn)
Area Gravesend
Zoning R5
Rooms
Basement Full, Semi-Finished, Separate Entrance
Interior
Interior Features Other
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood, Laminate
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Real Estate Professiona
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