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

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

This meticulously maintained, completely updated mixed-use brick building totaling 3,690 SF, including the basement used by commercial tenant (Price per SF $339) with 1 Full Floor 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 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) $72,363, Total annual expenses $9,141, Net Operational Income (NOI) 63,222, CAP Rate 5.05%. Substantial Upside of about $4,000 of Rental increase in the end of 2019, bringing NOI to approximately $67,200 and a CAP Rate 5.4%. 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 2 retail + Basement and 2 apartments, 1301 Gravesend Neck Road Brooklyn NY 11229. Please contact for more details and the price.

1305 Gravesend Neck Rd Brooklyn, NY 11229

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City: Brooklyn
Total Sq./Ft.: 3690
Block #: 7374
Lot #: 55
Year Built: 1950
A/C Units: 2
Basement Type: Finished, Full
Bldg Size: 20 x 61.50
Floor: Hardwood, Laminate, Tile
Est. Fuel $ Yr.: $1,900
Est. Insurance $ Yr.: $2,050
Lot Size: 20 x 62
Lot Sq./Ft.: 1260
# Stores: 1
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

Listing courtesy of City Express Realty LLC | MLS: 426837
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