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 Gravesend Neck Road, Sheepshead Bay, Brooklyn, NY 11229

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.

1301 Gravesend Neck Rd Brooklyn, NY 11229

$1,350,000
Send Request
City: Brooklyn
Total Sq./Ft.: 3640
Block #: 7374
Lot #: 54
Year Built: 1950
A/C Units: 2
Basement Type: Full
Bldg Size: 20 x 64.50
Floor: Hardwood, Laminate, Tile
Est. Fuel $ Yr.: $1,900
Est. Insurance $ Yr.: $2,050
Lot Size: 20 x 65
Lot Sq./Ft.: 1320
# Stores: 2
Owner Occupied: No
Est. Taxes $ Yr.: $4,466
Utilites Included: Gas
Zoning: R4
Handicap Access: Yes
Property type: Commercial/Residential Income
Neighborhood: Sheepshead Bay
Zip: 11229
Request Information
Please Call: 718-376-0606
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Listing courtesy of City Express Realty LLC | MLS: 426842
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