2518 W 1st St Brooklyn, NY 11223
Gravesend NeighborhoodEstimated payment $13,540/month
Highlights
- Wood Flooring
- Back and Side Yard
- Private Driveway
About This Home
Versatile Three-Family Home in A Prime Gravesend Location
Discover this exceptional investment opportunity in one of Brooklyn’s most sought-after neighborhoods. Situated on a generous 30x100 lot, this fully detached brick home offers a spacious and flexible layout:
First Floor: Expansive 3-bedroom, 2-bath unit
Second Floor: Two separate apartments—one with 2 bedrooms, the other with 1 bedroom
Parking: Private two-car garage for secure parking and additional storage
Delivered completely vacant, this property is ideal for investors, end-users, or multi-generational households ready to customize or move in immediately. With hardwood and tile flooring, updated appliances, and a full finished basement, the home combines comfort with potential.
Located near Avenue Y and Avenue Z, with easy access to local amenities, schools, and transportation.
No financials provided due to vacancy. Don’t miss your chance to own this rare and adaptable gem in Gravesend!
Listing Agent
RE/MAX Real Estate Professionals License #40AN0957928 Listed on: 08/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,104
Year Built
- Built in 1950
Lot Details
- 3,000 Sq Ft Lot
- Lot Dimensions are 100 x 30
- Back and Side Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
- Wood Frame Construction
- Rubber Roof
Interior Spaces
- 1,800 Sq Ft Home
- 2-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- 2 Parking Spaces
- Private Driveway
Utilities
- Heat Pump System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tax Block 7214
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 | $10,104 | $64,080 | $16,260 | $47,820 |
| 2024 | $10,104 | $75,360 | $16,260 | $59,100 |
| 2023 | $9,642 | $66,060 | $16,260 | $49,800 |
| 2022 | $8,941 | $62,820 | $16,260 | $46,560 |
| 2021 | $9,426 | $51,480 | $16,260 | $35,220 |
| 2020 | $7,069 | $66,300 | $16,260 | $50,040 |
| 2019 | $8,769 | $66,300 | $16,260 | $50,040 |
| 2018 | $8,065 | $39,563 | $7,244 | $32,319 |
| 2017 | $7,608 | $37,324 | $10,374 | $26,950 |
| 2016 | $7,461 | $37,324 | $11,613 | $25,711 |
| 2015 | $4,247 | $37,024 | $15,852 | $21,172 |
| 2014 | $4,247 | $34,934 | $14,957 | $19,977 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | For Sale | $2,395,000 | -- | $1,331 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $1,150,000 | -- | |
| Deed | $1,150,000 | -- | |
| Bargain Sale Deed | $385,000 | Titleserv | |
| Bargain Sale Deed | $385,000 | Titleserv | |
| Interfamily Deed Transfer | -- | Titlecrafters Inc | |
| Interfamily Deed Transfer | -- | Titlecrafters Inc | |
| Bargain Sale Deed | $345,000 | Security Title & Guaranty Co | |
| Bargain Sale Deed | $345,000 | Security Title & Guaranty Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $330,991 | Purchase Money Mortgage | |
| Previous Owner | $862,500 | Purchase Money Mortgage | |
| Previous Owner | $344,250 | No Value Available | |
| Previous Owner | $310,500 | No Value Available |
Source: Brooklyn Board of REALTORS®
MLS Number: 494879
APN: 07214-0013
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