• Sheepshead Bay
  • Brooklyn, NY 11229
1301-1305 Gravesend Neck Road
$2,450,000 7,150 SF

Property Description

$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 investor Current 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

Schedule to See Homes


Charles Olson

718-954-8401
Keller Williams Realty Empire

1301-1305 Gravesend Neck Road
Brooklyn, 11229

$2,450,000
0 Beds / 0 Bath
7150 Sq. Feet
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1301-1305 Gravesend Neck Road
Brooklyn, 11229

$2,450,000
0 Beds / 0 Bath
7150 Sq. Feet