1301 Gravesend Neck Road
1301 Gravesend Neck Road
$1,349,888
—
3,640
3,640
$371
New Construction
Description
This meticulously maintained, completely updated corner mixed-use brick building totaling 3,580 SF, including the basement used by commercial tenant (Price per SF $377) with 2 Retail and 2 Residential units. The building is in excellent condition with updated electric system, new Boiler, W/H, windows, rubber roof, kitchen cabinets, granite counter-tops, appliances, and so on. The property is located on the corner of a busy commercial avenue in Prime Homecrest / Sheepshead Bay area of South Brooklyn...This meticulously maintained, completely updated corner mixed-use brick building totaling 3,580 SF, including the basement used by commercial tenant (Price per SF $377) with 2 Retail and 2 Residential units. The building is in excellent condition with updated electric system, new Boiler, W/H, windows, rubber roof, kitchen cabinets, granite counter-tops, appliances, and so on. The property is located on the corner of a busy commercial avenue in Prime Homecrest / Sheepshead Bay area of South Brooklyn right next to all the public transportation, shopping, schools, parks, restaurants and places of worship. Current Gross Annual Income (GAI) $83,290, Total annual expenses $9,629, Net Operational Income (NOI) 73,670, CAP Rate 5.45%. Substantial Upside of about $4,800 of Rental increase in middle of 2019, bringing NOI to approximately $79,000 and a CAP Rate 5.85%. This property is an excellent choice for the owner-user or savvy investor
See attached Offering Memorandum for more details. The property may be purchased as a package with adjacent mixed-use building consisting of 1 retail + Basement and 2 apartments, 1305 Gravesend Neck Road Brooklyn NY 11229. Please contact for more details and the price.
See attached Offering Memorandum for more details. The property may be purchased as a package with adjacent mixed-use building consisting of 1 retail + Basement and 2 apartments, 1305 Gravesend Neck Road Brooklyn NY 11229. Please contact for more details and the price.
- Listed by Andrey Yanoff • City Express Realty LLC
Amenities
- Granite Kitchen Counter
- Basement
- Lowrise
Location
LISTING UPDATED: 02/26/2019 12:03 PM
Property Details for 1301 Gravesend Neck Road
Status | Active |
---|---|
MLS ID | 426842 |
Days on Market | 1922 |
Taxes | $4,466 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | - |
Compass Type | Other |
MLS Type | Residential |
Year Built | 1927 |
Lot Size | 1,320 SF / 20' x 65' |
County | Kings County |
Building
Location
Building Information for 1301 Gravesend Neck Road
Stories2Residences3Year Built1927Lot Size1,320 SF / 20' x 65'Building AgePre-warBuilding Type-
Payment Calculator
$7,739 per month
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Property Information for 1301 Gravesend Neck Road
Property History for 1301 Gravesend Neck Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1301 Gravesend Neck Road
Taxable ValueLand$10,680Additions$62,760Total$73,440
Home Facts
Total Finished SqFt2,580 SqFtLot Size1,319 SqFtYear Built1927ZoningR4APN3073740054
Schools near 1301 Gravesend Neck Road
This home is within Nyc Geog District #21 - Brooklyn.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
P.S. 153 Homecrest PublicPK to 5 | ||
Jhs 234 Arthur W Cunningham Public6 to 8 | ||
I.S. 98 Bay Academy Public6 to 8 |
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.
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