2492 Gerritsen Ave Brooklyn, NY 11229
Gerritsen Beach NeighborhoodEstimated payment $5,034/month
Highlights
- Wood Flooring
- P.S. 277 Gerritsen Beach Rated A-
- Hot Water Heating System
About This Home
This mixed-use brick corner property in Gerritsen Beach offers an excellent opportunity for both residential and commercial use. The two-story building features a ground-floor retail space, currently vacant, ideal for retail, restaurant, office, or other business ventures. The commercial space includes a half bathroom for convenience. The second floor consists of a spacious two-bedroom apartment with one bathroom, a living room, kitchen, and dining area, making it a comfortable living space. The property will be delivered vacant, allowing flexibility for owner-occupants or investors. Situated on a 22x52 lot with a building size of 22x47, this property is located in a vibrant neighborhood with easy access to public transportation, including the B31 and BM4 bus lines. Don't miss this great investment opportunity in a prime location!
Property Details
Property Type
- Other
Est. Annual Taxes
- $3,427
Year Built
- Built in 1920
Lot Details
- 1,155 Sq Ft Lot
- Lot Dimensions are 52 x 22
- Property is zoned R4
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,068 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Concrete
- Tile
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Community Details
- Insurance Expense $1,800
- Gross Income $66,000
Listing and Financial Details
- Tax Block 8955
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,427 | $54,420 | $6,540 | $47,880 |
| 2024 | $3,427 | $48,000 | $6,540 | $41,460 |
| 2023 | $3,233 | $42,420 | $6,540 | $35,880 |
| 2022 | $3,084 | $39,120 | $6,540 | $32,580 |
| 2021 | $2,998 | $33,480 | $6,540 | $26,940 |
| 2020 | $3,033 | $21,180 | $6,540 | $14,640 |
| 2019 | $2,975 | $18,420 | $6,540 | $11,880 |
| 2018 | $2,735 | $13,415 | $5,712 | $7,703 |
| 2017 | $2,580 | $12,656 | $5,772 | $6,884 |
| 2016 | $2,387 | $11,940 | $6,540 | $5,400 |
| 2015 | $1,892 | $11,940 | $6,540 | $5,400 |
| 2014 | $1,892 | $11,940 | $6,540 | $5,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | Price Changed | $899,000 | -5.4% | $435 / Sq Ft |
| 09/25/2025 09/25/25 | For Sale | $950,000 | -- | $459 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $350,000 | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 496119
APN: 08955-0087
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