1301 Gravesend Neck Road

$1,349,888
Price
Beds
3,640 Sq. Ft.
$371 / Sq. Ft.
3,640
Sq. Ft.
$371
per Sq. Ft.

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.
  1. Listed by Andrey Yanoff • City Express Realty LLC

Amenities

  • Granite Kitchen Counter
  • Basement
  • Lowrise

Location

Listing Courtesy of City Express Realty LLC
Add your commute
LISTING UPDATED: 02/26/2019 12:03 PM

Property Details for 1301 Gravesend Neck Road

StatusActive
MLS ID426842
Days on Market1922
Taxes$4,466 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeOther
MLS TypeResidential
Year Built1927
Lot Size1,320 SF / 20' x 65'
CountyKings County

Building

1301 Gravesend Neck Rd

3 Units2 StoriesBuilt in 1927

Location

Listing Courtesy of City Express Realty LLC
Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$7,367

Property Taxes

$372

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1301 Gravesend Neck Road

Summary
Location and General Information
  • Block: 7374
  • Number Of Stories: 2
  • Cross Street Name: E 13th St Corner
  • Zoning: R4
  • Roof: Flat, Rubber
  • Water Front Present YN: No
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: Cash
  • Tax Amount: 4466.0
  • Gross Expense: 9620.0
  • Gross Income: $83,290.00
  • Cap Rate: .05%
Property
Lot Information
  • Lot Dimensions: 20x65
  • Sq Ft Total: 3640
  • Road Frontage: 20.0
  • Lot Number: 54
  • Lot Size Irregular YN: No
  • Lot Size Length: 65
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 2
  • Utilities: Gas
  • Utility Expense: 245.0
  • Fuel Expense: 1900.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Commercial Features Interior: Heated, Intercom
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Laminate, Tile
  • Unit Count: 2
  • Lavatories: 3
  • Construction Materials: Brick
  • Electric: 110 V, 220 V, Circuit Breakers
  • Ceiling Height: 11-15 Foot, 8-10 Foot
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Guttering
  • Handicap Access YNU: Yes
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1290.0
  • Building Length: 64.5
  • Building Type: Semi-Detached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Ceiling Height: 12
  • Unit Current Rent: 2798.0
  • Unit Floor: 1
  • Unit Occupant: Flower Shop
  • Unit Projected Rent: 3000.0
  • Unit Sq Ftper Unit: 950.0
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Current Rent: 1049.00
  • Unit Floor: 2.0
  • Unit Occupant: Jewish Temple
  • Unit Sq Ftper Unit: 370
  • Unit Status: Leased
  • Unit Unit Type: Retail
Agent
Agent Information
  • Net Operating Income: 73670.0
Sale and Listing
  • Sale Type: Agent Owned
Rental
Rental Information
  • Insurance Expense: 2050.0
  • Owner Occupied: No
  • Rent Income: 73670.0
  • Rent Income Period: 2018

Property History for 1301 Gravesend Neck Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1301 Gravesend Neck Road is for sale in Homecrest. This property was listed for sale on January 29, 2019 by City Express Realty LLC, it's currently listed at $1,349,888. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 153 Homecrest, Jhs 234 Arthur W Cunningham and William E Grady Career And Technical Education High School. 1301 Gravesend Neck Road is a 0-bed, 0-bath, 3,640 sqft built in 1927.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of City Express Realty LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 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 2024, 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. ©2024 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.©2024 The Real Estate Board of New York, Inc., All rights reserved.