1301-1305 Gravesend Neck Road
Brooklyn, NY 11229
MLS #415677

Multi-Unit
    $2,699,999
    Est. P&I payment: $10312.17/mo
    1301-1305 Gravesend Neck Road, Brooklyn, NY 11229
    • 1301-1305 Gravesend Neck Road, Brooklyn, NY 11229 Photo 1
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    Description for 1301-1305 Gravesend Neck Road, Brooklyn, NY 11229
    We are proud to present this meticulously maintained investment property consisting of 2 totally updated mixed use brick corner buildings totaling 7,150 SF with 3 Retail units, 4 spacious 3 rooms 1 bedrooms Residential units and two full basements. It is located in Prime Sheepshead Bay, on the board-line of Homecrest area of South Brooklyn, next to all the public transportation, shopping, schools, parks, places of worship. Current NOI $135,000. CAP Rate 5%. It comes with substantial upside potential in the rent income increase by bringing it up to the today's market rates. This property is an excellent choice for the owner-user or savvy investor.
    MLS #415677
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    My Notes for MLS #415677

    General Features

    • Lot Number: 5,455
    • Number Of Families: 7
    • Owner Occupied: Yes
    • Property Sub Type: Multi-Family
    • Property Type: Residential
    • Status: Active
    • Unit Count: 1
    • Zoning: R4

    Utility Features

    • Electric: Circuit Breakers
    • Hot Water: Gas
    • Utility Expense: 489

    Financial Features

    • Assessment Fee End Date: 0000-00-00 00:00:00
    • Cap Rate: 0.05
    • Financing: Bank Mortgage,​Cash
    • Fuel Expense: 3,560
    • Gross Expense: 16,733
    • Gross Income: 151,500
    • Heat Delivery: Steam/Radiator
    • Heating Fuel: Gas
    • Insurance Expense: 3,100
    • Net Operating Income: 135,000
    • Tax Abatement End Date: 0000-00-00 00:00:00
    • Tax Amount: 8,264
    • Tenant Lease End Date: 0000-00-00 00:00:00
    • Transaction Type: Sale

    Interior Features

    • Basement Amenities: Full,​Semi-Finished
    • Baths Full: 2
    • Baths Half: 2
    • Baths Total: 6
    • Flooring: Ceramic,​Hardwood,​Laminate,​Tile
    • Residential Features: Dishwasher,​Microwave,​Refrigerator,​Stove
    • Stories: 2

    Miscellaneous Features

    • Block: 7,374
    • Date Available: 0000-00-00 00:00:00
    • Handicap Access YNU: No
    • Sale Type: Arm's Length

    Community Features

    • Borough: Brooklyn
    • City: Brooklyn
    • County Or Parish: Kings (Brooklyn)
    • Cross Street Name: E 13th St
    • MLS Area Major: Sheepshead Bay

    Exterior Features

    • Building Amenities: NONE
    • Building Footprint Sq Ft: 2,644
    • Building Length: 64.5
    • Building Type: Semi-Detached
    • Building Width: 41
    • Construction Materials: Brick
    • Exterior: Brick
    • Foundation Details: Poured Concrete
    • Lot Size Length: 65
    • Lot Size Width: 41
    • Lot Sq Ft: 2,580
    • Roof: Flat
    • Yard: Back,​Fenced - Full,​None

    Location

     
    Street View Not Available
    The listing information for 1301-1305 Gravesend Neck Road, Brooklyn, NY 11229 was graciously provided by our friends at the listing brokerage, City Express Realty LLC

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    P&I Payment $10312.17
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    Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Top Properties's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Top Properties, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
    Last Updated 01/20/2018 at 1:18pm
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