• Sheepshead Bay
  • Brooklyn, NY 11229
1301-1305 Gravesend Neck Road
$2,585,000 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 basements used by commercial tenants (Price per SF $360) with 3 Storefronts and 4 Residential Apartments. 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 corner of a busy commercial avenue in Prime Homecrest / Sheepshead Bay area of South Brooklyn steps away from all the public transportation - 2 blocks to Neck Rd Subway Station, 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. Cap Rate is 5.7%. 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

$2,585,000
0 Beds / 0 Bath
7150 Sq. Feet
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1301-1305 Gravesend Neck Road
Brooklyn, 11229

$2,585,000
0 Beds / 0 Bath
7150 Sq. Feet