Remarks

Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces OVER $150,000 yearly rental income:

*OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%)*
*10%+ annual gain with appreciation*

VERY busy corner – Right next to N train station and B3 Bus Stop. The building is 20× 105(residential 1365 sqft; commercial 2100 sqft) on a lot 20× 115. First floor – 4 Stores: Deli store, Barber Shop, Flower Shop, Tea Shop, and Two Car Garage. Second floor: 2 two-bedroom apartments. Store basement: Full semi-finished. Built in 1931; Zoned R5. Property tax $20,543.

2025 UPGRADES: *tested LEAD-FREE!* *New store floor and subfloor* *Brick Pointing* *ROOF waterproofed & Flashing* *Apartments painted*

This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.

Details

MLS#: 488743
Price: $2,350,000

Style: Mixed Use
Sq Ft: 3465
Year Built: 1931

County: Kings (Brooklyn)
Tax Fee: 20543.00