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View of property

View of building exterior

View of building exterior

View of building exterior

View of property

Kitchen with white appliances, under cabinet range hood, backsplash, and light countertops

Kitchen featuring white appliances, under cabinet range hood, light countertops, and brown cabinets

Kitchen featuring gas range gas stove, under cabinet range hood, light countertops, and decorative backsplash

Kitchen featuring white gas range, under cabinet range hood, light countertops, backsplash, and light tile patterned flooring

Corridor featuring concrete floors

Bathroom with shower / bath combo with shower curtain, toilet, and vanity

Bedroom featuring radiator, light wood-style flooring, a closet, and baseboards

Bedroom featuring radiator and light wood-style floors

Carpeted office featuring healthy amount of natural light

Game room with wood finished floors, arched walkways, and baseboards

Living room featuring wood finished floors and baseboards

Full bathroom featuring tile walls, toilet, vanity, and a shower with shower curtain

Dining area with baseboards, light tile patterned flooring, and arched walkways

View of unfinished below grade area

Unfinished below grade area with heating fuel

Utilities featuring gas meter

Utilities featuring water heater

View of unfinished below grade area

Stairway with carpet floors

Office area with wood finished floors

Home office featuring wood finished floors and a paneled ceiling

Home office featuring wood finished floors

Home office featuring wood finished floors and rail lighting

View of storage room

Bathroom with toilet

Miscellaneous room featuring tile patterned flooring and recessed lighting

Miscellaneous room featuring recessed lighting, a wall mounted AC, and tile patterned flooring

Half bath with tile walls and a sink

Room layout

Home floor plan

Home floor plan

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Description

This fully occupied, well-maintained brick mixed-use building in the heart of vibrant Gravesend, Brooklyn, offers an exceptional investment opportunity. Spanning approximately 3,900 square feet across two floors on a 25ft x 100ft lot, this 1931-built property (zoned R5B) features four retail units on the ground floor, including a deli with basement access, and two spacious residential apartments on the second floor (one 3-bedroom, one 2-bedroom, each approximately 975 sq ft). The building generates strong income with a current gross annual income of $131,760 and a projected gross of $149,760 after recommended rent adjustments, yielding a current NOI of $85,542 and a projected NOI of $92,977.18 (based on expenses of $56,782.82, including taxes, utilities, and insurance). Its robust brick construction ensures low maintenance, making it a turnkey asset for investors. Ideally situated near the Avenue U subway station (N and W lines, rated 4.0 with 37 reviews), the property offers excellent accessibility to Manhattan and beyond. Gravesend's charm shines through with proximity to iconic destinations like L&B Spumoni Gardens, renowned for its square Sicilian pizza and spumoni, as well as Coney Island's famous boardwalk, amusement parks, and the New York Aquarium, all just a short distance away. This property combines steady cash flow, growth potential, and a prime location in a sought-after Brooklyn neighborhood.

Details

Features

Interior

Exterior

Utilities

Taxes

MLS Number: 858279

Listing Provided By: Sal J. Crifasi – (718) 782-4411 – saljoseph@crifasi.com

Crifasi Real Estate Inc – (718) 782-4411 – sal@crifasi.com