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Property Description

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.

Features
Heating System:
Natural Gas
Cooling System:
Wall/window Unit(s)
Basement:
Finished, Full, Bilco Door(s), Storage Space
Lot Features:
Corner Lot
Sewer:
Public Sewer
Utilities:
Cable Available, Natural Gas Available, Water Available, Electricity Available, Underground Utilities, Natural Gas Connected, Electricity Connected, Cable Connected, Water Connected, Sewer Connected
Address Map
City:
NY
State:
NY
County:
Kings (Brooklyn)
Property and Construction
Development Status:
Brick
Agent MlsId:
141639
Office MlsId:
CRIF02
Number Of Units:
6
Special Listing Conditions:
No
Tax Annual Amount:
$29,332
Water Source:
Public
PhotosCount:
37

Commercial Sale For Sale

1890 6th Street, New York, NY

2,500 Acre
$1,875,000
Listing ID #858279
Basic Details
Property Type :
Commercial Sale
Property SubType :
Mixed Use
Listing ID :
858279
Price :
$1,875,000
Bathrooms Total :
0
Building Area :
4,500 Sqft
Lot Area :
2,500 Acre
Year Built :
1931
Status :
Active
Status :
Active
Listing Office :
Crifasi Real Estate Inc
Listing Agent :
Sal J. Crifasi
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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