$1,899,000
Price
5
Beds
1,760 Sq. Ft.
$1,079 / Sq. Ft.
1,760
Sq. Ft.
$1,079
per Sq. Ft.

Description

House For Sale: 3-Family Property in Prime Gravesend Location
(Btwn. East 1st & 2nd St)
- Lot Size: 40x100
- Built Size: 20x44
- Newly Renovated
- Fully Rented
-Private driveway
- Monthly Income: $7,150
Great Investment Opportunity with Solid Rental Income.
House For Sale: 3-Family Property in Prime Gravesend Location

(Btwn. East 1st & 2nd St)
- Lot Size: 40x100
- Built Size: 20x44
- Newly Renovated
- Fully Rented
-Private driveway
- Monthly Income: $7,150

Great Investment Opportunity with Solid Rental Income.

Amenities

  • Walk Up
  • Washer / Dryer in Unit
  • Laundry in Building
  • Driveway
  • Voice Intercom
  • Garage
  • Private Outdoor Space
  • Parking Included
LISTING UPDATED: 12/15/2025 12:39 PM

Property Details for 475 Ave Y

StatusActive
MLS ID493047
Days on Market200
Taxes$10,600 / year
Maintenance-
Min. Down Pymt-
Total Rooms11.0
Compass TypeTownhouse
MLS TypeResidential
Year Built-
Lot Size4,000 SF
CountyKings County

Location

Listing Courtesy of Wolf Properties Inc
Add your commute

Building Information for 475 Ave Y

Stories-Residences-Year Built-Building Size-Lot Size4,000 SFBuilding Age-Building Type-

Payment Calculator

$10,267 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,384

Property Taxes

$883

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 475 Ave Y

Summary
Location and General Information
  • Block: 7197
  • Cross Street Name: East 1st St
  • Cross Street Name: East 2nd St.
  • Roof: Flat
  • Residential Features: A/C Unit, A/C Unit - Wall, Deck, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Refrigerator, Stove, Washer
Parking
  • Parking Attributes: 6+ Spaces, Detached Garage, Parking Area
  • Parking Feature Single: Private Drive
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 10600.0
  • Gross Expense: 21675.0
  • Gross Income: $86,400.00
  • Miscellaneous Expense: 0.0
  • Cap Rate: .03%
Property
Lot Information
  • Yard: Back, Side
  • Lot Number: 41
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 40
Utilities
  • Heat Delivery: Ductless/Split
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Gas
  • Utility Expense: 3200.0
  • Fuel Expense: 4000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full, Separate Entrance
  • Baths Three Quarter: 0.0
  • Foundation Details: Poured Concrete
  • Flooring: Marble
  • Unit Count: 0
  • Building Amenities: NONE
  • Construction Materials: Block, Brick
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 880.0
  • Building Length: 44.0
  • Building Type: Semi-Detached
  • Building Width: 20.0
Agent
Agent Information
  • Net Operating Income: 64725.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 2375.0
  • Owner Occupied: No
  • Rent Income: 86400.0

Property History for 475 Ave Y

DateEvent & SourcePriceAppreciationLink
Dec 15, 2025

Price Change

BKMLS #493047

$1,899,000
May 29, 2025

Listed (Active)

BKMLS #493047

$1,975,000
May 5, 2024

Temporarily Off Market

BKMLS #481836

$1,999,000
May 5, 2024

Listed (Active)

BKMLS #481836

$1,999,000
Mar 22, 2024

Price Change

BKMLS #477962

$1,999,000
Jan 17, 2024

Price Change

BKMLS #477962

$2,099,000
Oct 31, 2023

Temporarily Off Market

BKMLS #477962

$1,999,000
Oct 31, 2023

Price Change

BKMLS #477962

$2,250,000
Oct 31, 2023

Listed (Active)

BKMLS #477962

$2,099,000
Jun 17, 2021

Sold (Public Record)

ACRIS #2021063001166001

$1,450,000

+15.6% / yr

Feb 14, 2020

Temporarily Off Market

BKMLS #436743

$1,375,000
Feb 13, 2020

Listed (Active)

BKMLS #436743

$1,499,000
Dec 27, 2019

Sold

ONEKEY #3176602

$1,150,000
Dec 26, 2019

Sold (Public Record)

ACRIS #2019123100430001

$1,170,988
Dec 9, 2019

Contract Signed

ONEKEY #3176602

Oct 30, 2019

Listed (Active)

ONEKEY #3176602

$1,078,000
DateEvent & SourcePrice
12/15/2025

Price Change

BKMLS #493047

$1,899,000
05/29/2025

Listed (Active)

BKMLS #493047

$1,975,000
05/05/2024

Temporarily Off Market

BKMLS #481836

$1,999,000
05/05/2024

Listed (Active)

BKMLS #481836

$1,999,000
03/22/2024

Price Change

BKMLS #477962

$1,999,000
01/17/2024

Price Change

BKMLS #477962

$2,099,000
10/31/2023

Temporarily Off Market

BKMLS #477962

$1,999,000
10/31/2023

Price Change

BKMLS #477962

$2,250,000
10/31/2023

Listed (Active)

BKMLS #477962

$2,099,000
06/17/2021

Sold (Public Record)

ACRIS #2021063001166001

$1,450,000

+15.6% / yr

02/14/2020

Temporarily Off Market

BKMLS #436743

$1,375,000
02/13/2020

Listed (Active)

BKMLS #436743

$1,499,000
12/27/2019

Sold

ONEKEY #3176602

$1,150,000
12/26/2019

Sold (Public Record)

ACRIS #2019123100430001

$1,170,988
12/09/2019

Contract Signed

ONEKEY #3176602

10/30/2019

Listed (Active)

ONEKEY #3176602

$1,078,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 475 Ave Y

Taxable ValueLand$16,800Additions$46,200Total$63,000
Tax Record2025$10,600 ($883 / month) Tax Class1Tax Rate20.085%
Home Facts
Total Finished SqFt1,760 SqFtLot Size4,000 SqFtYear Built1930ZoningR4APN3071970041

Schools near 475 Ave Y

This home is within New York City Geographic District #21.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 216 Arturo Toscanini
PublicPK to 5

Is 303 Herbert S Eisenberg
Public6 to 8

Abraham Lincoln High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

475 Ave Y is a townhouse for sale in South Marlboro. This property was listed for sale on May 29, 2025 by Wolf Properties Inc, it's currently listed at $1,899,000. It has been on the market for a total of 200 days and was last sold on June 17, 2021. This listing's school district is New York City Geographic District #21. Nearby schools include P.S. 216 Arturo Toscanini, Is 303 Herbert S Eisenberg and Abraham Lincoln High School. 475 Ave Y is a 5-bed, 3-bath, 1,760 sqft townhouse.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wolf Properties Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.