Albert Wilk broker of Wilk RealEstate Ltd. New-York and Florida licences
Since 1987
Albert Wilk, Licensed Real Estate Broker in New York & Florida

1301-1305 Gravesend Neck Road, Sheepshead Bay, Brooklyn, NY 11229

Broker owned property. 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 $357) 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 investor Current Gross Annual Income (GAI) $161,923, Total annual expenses $18,799, Net Operational Income (NOI) $143,124 CAP Rate 5.5%. Please review attached Offering Memorandum for the details.

1301-1305 Gravesend Neck Rd Brooklyn, NY 11229

Send Request
City: Brooklyn
Total Sq./Ft.: 7150
Block #: 7374
Lot #: 5455
Year Built: 1950
Basement Type: Full, Semi-Finished
Bldg Size: 40 x 64.50
Floor: Hardwood, Laminate, Tile
Lot Size: 40 x 65
Lot Sq./Ft.: 2580
# Stores: 3
Owner Occupied: Yes
Utilites Included: Heat, Sewer, Water
Zoning: R4
Handicap Access: No
Property type: Commercial/Residential Income
Neighborhood: Sheepshead Bay
Zip: 11229
Request Information
Please Call: 718-376-0606

Listing courtesy of City Express Realty LLC | MLS: 428037
Didn't find a property?
Enter information below to receive automatic updates on the newest properties to hit the market!