1301-1305 Gravesend Neck Brooklyn, NY 11229

233746853 40.594624 -73.95737 724 /listing/233746853-151168966/1301-1305-gravesend-neck-brooklyn-ny-11229 False 0 2450000.0 7150 101 428037 False
  • $2,450,000
  • 7,150 sqft
  • Est payment $13152.13/mo

Property Information

  1. 7,150 Sq. Ft.

Commercial in Brooklyn

$150,000 Price Reduction!! 2019 CAP Rate 6.01%.This meticulously maintained investment property consists of 2 completely updated corner mixed-use brick buildings totaling 7,150 SF, including the basement used by commercial tenants (Price per SF $342) with 3 Retail and 4 Residential units. The buildings are in excellent condition with updated electric systems, new Boilers, W/H, windows, rubber roofs, kitchen cabinets, granite counter-tops, appliances, and so on. The property is located on the busy commercial avenue in Prime Homecrest / Sheepshead Bay area of South Brooklyn steps away from all the public transportation, shopping, schools, parks, restaurants and places of worship. This property is an excellent choice for the owner-user or savvy investorCurrent Gross Annual Income (GAI) $166,123,Total annual expenses $18,799,Net Operational Income (NOI) $147,324, Offered by Broker/Owner.Detailed Offering Memorandum is attached for your review

Courtesy Of City Express Realty LLC

Main Features

  • Listing Status: Active
  • Year Built: 1927
  • Floors: 2
  • County: Kings
  • Zoning: R4
  • MLS Number:428037

Additional Features

  • Air Conditioning:
    • 0
  • Ceiling Height:
    • 8-10 Foot
  • Commercial Features:
    • Fence - Partial
    • Guttering
    • Heated
    • Intercom
    • Kitchen
    • Living Space Available
  • Flooring:
    • Hardwood
    • Laminate
    • Tile
  • Lavatories:
    • 2
  • Building Square Feet:
    • 2580
  • Building Type:
    • Semi-Detached
  • Construction:
    • Brick
  • Current Use:
    • Investment
  • Exterior Wall:
    • Masonry
    • Plaster
    • Sheet Rock
  • Loading Dock:
    • None
  • Property Subtype:
    • Residential
  • Roof:
    • Flat
    • Rubber
  • Basement Details:
    • Full
    • Semi-Finished
  • Foundation:
    • Poured Concrete
  • Exterior:
    • Brick
  • Electric:
    • 110 V
    • 220 V
    • Circuit Breakers
  • Heat:
    • Steam/Radiator
  • Heating Fuel:
    • Gas
  • Utilities:
    • Heat
    • Sewer
    • Water
  • Handicap Access:
    • No
  • Potential Use:
    • Bar
    • Health Care
    • Investment
    • Multi-Family 5+
    • Office
    • Restaurant
    • Retail
    • Special Purpose
  • Financing:
    • Cash
  • Gross Income:
    • 166123
  • Net Operating Income:
    • 147324.00
  • Sale Type:
    • Agent Owned
  • Transaction Type:
    • Sale
  • CDOM:
    • 137
  • District:
    • Brooklyn
  • Cap Rate:
    • 0.06
  • Gross Expenses:
    • 18799.00
  • Lot Number:
    • 5455
  • Lot Size Length:
    • 65
  • Lot Size Width:
    • 40
  • Lot Sq Ft:
    • 2580
  • Number Of Stores:
    • 3
  • Owner Occupied:
    • Yes
  • Supplement Count:
    • 1
  • Unit Count:
    • 6
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

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1301-1305 Gravesend Neck Brooklyn, NY 11229

233746853 40.594624 -73.95737 724 /listing/233746853-151168966/1301-1305-gravesend-neck-brooklyn-ny-11229 False 0 2450000.0 7150 101 428037 False
  • $2,450,000
  • 7,150 sqft
  • Est payment $13152.13/mo