1301-1305 Gravesend Neck Road

    BROOKLYN, NY 11229
    • $2,500,000
    • STATUS: Active
    • ON SITE: 42 days
    • MLS #: 428038
    UPDATED: 61 min ago
    $2,500,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,150
      SQFT
    • $350
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1950
    Area:

    School Ratings & Info

    Description

    $100,000 Price Reduction!!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 $349) 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 investorCurrent Gross Annual Income (GAI) $164,923,Total annual expenses $18,799,Net Operational Income (NOI) $146,124, 2019 CAP Rate 5.85%.Offered by Broker/Owner.Detailed Offering Memorandum is attached for your review

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    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-04-25T23:00:16.78.
    www.remaxedgeny.com/homes/92700498

    1301-1305 Gravesend Neck Road BROOKLYN, NY 11229

    • Price: $2,500,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 428038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    7,150
    SQFT
    $350
    $/SQFT
    1950
    Built
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Homecrest
    Property Description
    $100,000 Price Reduction!!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 $349) 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 investorCurrent Gross Annual Income (GAI) $164,923,Total annual expenses $18,799,Net Operational Income (NOI) $146,124, 2019 CAP Rate 5.85%.Offered by Broker/Owner.Detailed Offering Memorandum is attached for your review
    Exterior Features

    Building Length 64.50 Building Width 40.00 Commercial Features Exterior Fence - PartialGuttering Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 65 Lot Size Width 40 Roof FlatRubber Yard Back

    Interior Features

    Basement Amenities FullSemi-FinishedUnfinished Building Footprint Sq Ft 2580 Ceiling Height 11-15 Foot8-10 Foot Commercial Features Interior HeatedIntercom Flooring HardwoodLaminateTile Foundation Details Poured Concrete Heat Delivery Steam/Radiator Lavatories 2 Walls MasonryPlasterSheet Rock

    Property Features

    ACUnits 0 Block 7374 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name E 13th St Cross Street Name2 E 14th St Electric 110 V220 VCircuit Breakers Financing Cash Gross Income 164923 Heating Fuel Gas Hot Water Gas Lot Number 5455 Lot Size Irregular YN 0 Net Operating Income 146124.00 Number Of Families 4 Number Of Stores 3 Property Sub Type Mixed Use Property Type Mixed Use Transaction Type Sale Zoning R4

    Listing information © 2019 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of City Express Realty Llc.


    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-04-25T23:00:16.78.
     
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    1812 Bath Ave
    Brooklyn NY, 11214