House At 431 Kings Highway Listing Information

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Description

Prime Investment Opportunity to own a spacious 3 story mixed-use property in the Heart of Brooklyn’s Gravesend. This excellent ideal property features a retail ground-level storefront with excellent visibility and heavy foot traffic, with 2 apartment units on the 2nd and 3rd level. It comes with a full high ceiling basement for the store to use. The building is 20’ X 62’=1,240’, lot is 20’ X 102’=2,059’. This hustling and bustling area has PC Richards & Son right across the street. It is situated 1.5 short blocks to the F train, Ave U Train Station. This store can demand above $5,000/mo. rent. The store is vacant. Building comes with good on time paying tenants: 2nd level pays $1,827 and 3rd level pays $2,800. Each apartment has 4 bedrooms. No lease. Property tax is low at only $8,755/yr.
This prime vibrant location is close to all.
It is priced to sale. This Gravesend gem delivers on space, location, and value.
Schedule your showing today!

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Building Features 3 Floors2 Units

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$1,599,999 / $1,290 per ft²

Listed on Apr 28, 2025

52 Days on Market

- Beds / - Baths - / 1,240 ft²

Total Monthly expenses: $729

Maintenance: - / R.E. Taxes $729

Estimated Monthly Payment: $10,309

Assumes 7% Mortgage Rate and 90% financing

Other Details:

Mixed Use (1-6 Family)

Lot Size: 20.17' x 102.08' Built: 19.5' x 62.0'

Zoning: S1-5, S9

Exclusively listed with: Momentum Real Estate LLC Source: Brooklyn MLS

Tracy Tong

tracytmovesyou@gmail.com

(347) 267-7911

Listing Courtesy of Momentum Real Estate LLC

Unit listing history

Date	Status	Amount	Listed by
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