$1,999,000

Estimated payment $11,877/month

Total Views 3,033
-- Bed
-- Bath
5,280 Sq Ft
$379 Price per Sq Ft

Highlights

  • Tile Flooring
  • 2-minute walk to 71 Street
  • Back Yard
  • P.S. 112 Lefferts Park Elementary School Rated A
  • Heating System Uses Steam
  • 2-minute walk to Lt. Joseph Petrosino Park

About This Home

It is my honor Introducing this amazing One store and Five family mix- use property, located at Bensonhurst District. This corner property offers a prime investment opportunity, with a building size of 22x80 and a lot size of 22.25x83.33 feet. The property is currently free market and features a commercial space (One Store) along with five well-maintained all two-bedroom apartments. This property generates an impressive maximum monthly, while benefiting from low annual property taxes. Additional yearly costs include for water, for insurance, and for heating, making it an attractive option for investors seeking efficient management. The building is equipped with a newly updated heating system and hot water and features a well-maintained brick exterior with updated windows and roof. The basement, accessible via a separate entrance, offers additional storage space, enhancing the building’s functionality. The property enjoys a phenomenal cap rate of around 5.5% income potential. Located near convenient transportation options, including the D-Line, it is close JHS 227 & Ps 176, New Utrecht High School, as well as the popular 18th Avenue shopping area. Whether you’re looking for a steady investment or a space to live while earning additional income, this well-maintained property represents a remarkable opportunity in a highly desirable location.

Listing Agent

Michelle Zhang

RE/MAX Edge Listed on: 10/05/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,068

Year Built

  • Built in 1931

Lot Details

  • 1,854 Sq Ft Lot
  • Lot Dimensions are 22.25x84
  • Irregular Lot
  • Back Yard
  • Property is zoned R5

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof

Interior Spaces

  • 5,280 Sq Ft Home
  • Tile Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5574

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $3,200
  • Utility Expense $500
  • Gross Income $130,800

Property Details

Property Type

Other

Est. Annual Taxes

$12,068

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Full, Semi-Finished
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1600
  • Building Length: 80.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 10 ft and under
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: New Utrecht Ave
  • Heat Delivery: Steam/Radiator, Other
  • Number Of Families: 5
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5280
  • Street Name I D X: New Utrecht
  • Street Number I D X: 6801
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Flooring: Tile, Other
  • Lot Sq Ft: 1854

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Block, Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 10
  • Roof: Rubber

Utilities

  • Electric: 200 Amp, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Dimensions: 22.25x84
  • Lot Size Irregular: Yes
  • Lot Size Length: 84
  • Lot Size Width: 22
  • Zoning: R5

Multi Family

  • Annual Gross Expense: 24268.00
  • Annual Gross Income: 130800
  • Insurance Expense: 3200.00
  • Annual Utility Expenses: 500.00

Tax Info

  • Flip Tax Amount: 12068.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $13,284 $481,050 $13,050 $468,000
2024 $13,284 $400,950 $13,050 $387,900
2023 $12,069 $372,150 $13,050 $359,100
2022 $11,146 $377,550 $13,050 $364,500
2021 $11,176 $404,100 $13,050 $391,050
2020 $8,382 $447,300 $13,050 $434,250
2019 $10,308 $447,300 $13,050 $434,250
2018 $9,626 $75,680 $2,441 $73,239
2017 $8,913 $70,079 $2,528 $67,551
2016 $9,035 $70,079 $2,788 $67,291
2015 $5,431 $67,900 $2,672 $65,228
2014 $5,431 $62,871 $2,969 $59,902
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $1,999,000 -8.7% $379 / Sq Ft
06/16/2025 06/16/25 Price Changed $2,189,000 -0.5% $415 / Sq Ft
10/05/2024 10/05/24 For Sale $2,199,000 -- $416 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $1,700,000 --
Deed $1,700,000 --
Bargain Sale Deed $335,000 First American Title Ins Co
Bargain Sale Deed $335,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 Commercial
Closed $900,000 Commercial
Previous Owner $180,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 486545

Brooklyn Board of REALTORS®

APN: 05574-0010