2579 Cropsey Ave Brooklyn, NY 11214
Gravesend NeighborhoodEstimated payment $16,768/month
Highlights
- Back and Side Yard
- Tile Flooring
- Heating System Uses Steam
- Is 281 Joseph B Cavallaro Rated 9+
About This Home
Prime Mixed-Use Corner Property including 2 thriving businesses available as one exceptional investment or owner/operator opportunity. Offering approx. 3,665 sq. ft of building space in a highly desirable location known as the neighborhood staple. This well-maintained property features two turn key food service businesses, including 33 years of a successful restaurant / gourmet pizzeria and a well-known Italian ice shop, creating strong street presence with consistent neighborhood activity. The businesses benefit from excellent corner exposure, making this a highly attractive destination. Above the retail level are two residential apartments, providing excellent supplemental rental income. One unit features 2 spacious bedrooms, while the second unit 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 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. All major mechanicals less than 10 years Roof, Steam Heating System, Plumbing System, Electrical System, and A/C was just done. Real Estate will only be sold as a package deal with businesses. If interested in business only, contact broker for financials and additional details. Must Sign NDA.
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
- Heating System Uses Steam
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $24,922 | $268,650 | $32,850 | $235,800 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/24/2026 08/24/26 | Price Changed | $2,649,999 | -11.7% | $723 / Sq Ft |
| 04/23/2026 04/23/26 | For Sale | $2,999,999 | -- | $819 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $162,742 | Commercial | |
| Open | $500,000 | Commercial | |
| Closed | $16,435 | Commercial | |
| Closed | $225,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 500787
APN: 06909-0001
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