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1305 Gravesend Neck Rd
Brooklyn, NY 11229
MIXED-USE BUILDING 3 UNITS PRIME LOCATION · Retail Property For Sale
Property Facts
About 1305 GRAVESEND NECK RD , BROOKLYN, NY 11229
Back on market with $200,000 Price Reduction!! 2019 CAP Rate 5.65%. This meticulously maintained, completely updated mixed-use brick building totaling 3,690 SF, including the basement used by commercial tenant (Price per SF $311) with one full floor Retail + full semi-finished basement and 2 one-bedroom Residential units. The building is in an 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 busy commercial avenue in Prime Homecrest / Sheepshead Bay area of South Brooklyn steps away from all the public transportation including subway station 2 blocks away, shopping, schools, parks, restaurants and places of worship. This property is an excellent choice for the owner-user or savvy investor 2019 Gross Annual Income (GAI) $74,163, Total annual expenses $9,141, Net Operational Income (NOI) $65,022, Offered by Broker/Owner. Detailed Offering Memorandum is attached for your review
Property Taxes
| Parcel Number | 07374-0055 | Improvements Assessment | $67,680 |
| Land Assessment | $10,680 | Total Assessment | $78,360 |
Property Taxes
