Description

HIGH PROFIT 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.* The building is 20× 105(residential 1365 sq ft; commercial 2100 sq ft) on a lot 20× 115.

First floor – 4 Stores: Deli, Barber Shop, Flower Shop, Office and Garage.

Second floor: 2 two-bedroom apartments.

Store basement: Full semi-finished.

Built in 1931; Zoned R5. Property tax $20,543. VERY busy corner – Right next to N train station and B3 Bus Stop. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.

2025 UPGRADES:

*tested LEAD-FREE!*

*New store floor and subfloor*

*Brick Repointed*

*ROOF waterproofed & Flashed* *Apartments painted*

*New apartment floor*
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Building Features - Floors- Units

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$2,350,000 / $678 per ft²

Listed on May 19, 2025

22 Days on Market

- Beds / - Baths - / 3,465 ft²

Total Monthly expenses: $1,711

Maintenance: - / R.E. Taxes $1,711

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Estimated Monthly Payment: $15,782

Assumes 7% Mortgage Rate and 90% financing

Other Details:

Exclusively listed with: RE/MAX Real Estate Professiona Source: Brooklyn MLS

Billy E.
Apter

billyapter@remax.net

(347) 721-6599

Vito
Angelo

vangelo24@aol.com

(718) 887-5708

Listing Courtesy of RE/MAX Real Estate Professiona

Unit listing history

Date Status Amount Listed by
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