2579 Cropsey Ave Brooklyn, NY 11214
Gravesend NeighborhoodEstimated payment $17,873/month
Highlights
- Back and Side Yard
- Tile Flooring
- Hot Water Heating System
About This Home
Description
Prime Mixed-Use Corner Property in Kings County – Exceptional Investment Opportunity
offering approximately 3,665 square feet of building space in a highly desirable location, known for its outstanding visibility,
strong foot traffic, and excellent accessibility. This well-maintained property features two established commercial businesses, including a successful restaurant / gourmet pizzeria and a well-known ice shop, creating strong street presence
and consistent neighborhood activity. The businesses benefit from excellent corner exposure, making this a highly attractive destination for customers and passersby. Above the retail level are two residential apartments, providing excellent supplemental rental income. One unit features 2 spacious bedrooms, while the second apartment offers 3 bedrooms, an updated kitchen, hardwood floors, and access to a large private terrace. Additional highlights include a private driveway, a rare and valuable feature in this area, and a tremendous unfinished basement that offers extensive storage capacity or potential for future expansion or customization. This property presents an outstanding opportunity for investors or owner-operators seeking strong rental income, business continuity, and long-term appreciation. This turnkey opportunity represents a rare chance to acquire both income-producing commercial businesses and valuable mixed-use real estate in one transaction. The combination of consistent cash flow, prime corner positioning, and property ownership creates multiple avenues for growth and long-term value. The current owner is retiring, presenting an ideal opportunity for an experienced restaurateur or investor to continue with long term success. This exceptional opportunity combines a thriving 33-year-old restaurant/gourmet pizzeria with a thriving ice store with valuable commercial real estate. •All major mechanicals less than 10 years
-Roof
-Steam Heating System
-Plumbing System
-Electrical System
Property Details
Property Type
- Other
Est. Annual Taxes
- $24,922
Year Built
- Built in 1931
Lot Details
- 3,099 Sq Ft Lot
- Lot Dimensions are 46.15 x 106.25
- Irregular Lot
- Back and Side Yard
- Property is zoned R5
Home Design
- Mixed Use
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
- Vinyl Siding
- Stucco Exterior
Interior Spaces
- 3,665 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- Off-Site Parking
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6909
Community Details
Overview
- 2 Units
Building Details
- 4 Vacant Units
- Fuel Expense $5,125
- Insurance Expense $51,926
- Utility Expense $21,355
- Gross Income $1,510,377
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 | $24,852 | $257,400 | $32,850 | $224,550 |
| 2024 | $24,852 | $247,050 | $32,850 | $214,200 |
| 2023 | $24,049 | $225,900 | $32,850 | $193,050 |
| 2022 | $24,731 | $229,950 | $32,850 | $197,100 |
| 2021 | $21,126 | $197,550 | $32,850 | $164,700 |
| 2019 | $22,966 | $256,500 | $32,850 | $223,650 |
| 2018 | $20,600 | $248,850 | $32,850 | $216,000 |
| 2017 | $18,395 | $207,000 | $32,850 | $174,150 |
| 2016 | $17,368 | $192,600 | $32,850 | $159,750 |
| 2015 | $10,354 | $187,200 | $32,850 | $154,350 |
| 2014 | $10,354 | $144,000 | $32,850 | $111,150 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | For Sale | $2,999,999 | -- | $819 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $225,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 500787
APN: 06909-0001
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Ask me questions while you tour the home.