• Sheepshead Bay
  • Brooklyn, NY 11229
1301-1305 Gravesend Neck Road
$2,499,888 7,150 SF

Property Description

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 $357) 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 right next to all the public transportation, shopping, schools, parks, restaurants and places of worship. This property is an excellent choice for the owner-user or savvy investor. Current NOI is $136,532 with a CAP Rate of 5.5%, Substantial Upside of about $6,000 of Rental increase in the middle of 2019, bringing NOI to approximately $142,500 and a CAP Rate of 5.7%. Detailed Offering Memorandum is attached.
Courtesy of City Express Realty Llc

Schedule to See Homes


Charles Olson

718-954-8401
Keller Williams Realty Empire

1301-1305 Gravesend Neck Road
Brooklyn, 11229

$2,499,888
0 Beds / 0 Bath
7150 Sq. Feet
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1301-1305 Gravesend Neck Road
Brooklyn, 11229

$2,499,888
0 Beds / 0 Bath
7150 Sq. Feet