$1,688,000

Estimated payment $11,171/month

Total Views 820
-- Bed
-- Bath
2,880 Sq Ft
$586 Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to Kings Highway (N Line)
  • Private Driveway
  • P.S. 97 - The Highlawn Rated A-
  • Hot Water Heating System
  • Masonry wall

About This Home

Introducing a rare mixed-use corner gem in the heart of Gravesend, Brooklyn — a solid three-story brick building offering a perfect blend of residential comfort and commercial opportunity. Zoned R7A and C2-3, this versatile property is ideal for investors or end-users seeking both stability and future growth potential. The ground level features three storefronts with strong visibility and steady foot traffic along busy Kings Highway. Store #2 is currently vacant—ready for a new business or an owner’s own venture—while Stores #1 and #3 have two years remaining on their leases, ensuring immediate income. On the second floor, you’ll find two spacious two-bedroom apartments, both delivered vacant, offering flexibility for rental income, live-in ownership, or renovation to suit your vision. The basement, recently updated and featuring a separate entrance, was previously used for storage and can easily be repurposed for additional income-generating or operational use. A private driveway and detached one-car garage add exceptional convenience—an uncommon bonus in this busy part of Brooklyn. The property currently brings in a gross income of $130,632, netting approximately $92,043 per year, with a cap rate around 5.5 percent. Located in one of South Brooklyn’s most vibrant corridors, surrounded by shops, restaurants, public transit, and community amenities, this property offers outstanding visibility and long-term potential. Whether you’re looking to expand your portfolio or secure a dependable income-producing asset, this building is a can’t-miss opportunity in a prime location that continues to thrive.

Listing Agent

Njoek Kong Tjon

Ashford Homes LLC Listed on: 11/03/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $28,234

Lot Details

  • 1,640 Sq Ft Lot
  • Lot Dimensions are 82 x 20
  • Masonry wall
  • Back Yard

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,880 Sq Ft Home
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Private Driveway

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $3,500
  • Insurance Expense $3,280
  • Utility Expense $500
  • Gross Income $130,632
  • Net Operating Income $92,043

Property Details

Property Type

Other

Est. Annual Taxes

$28,234

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 72.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Kings hwy
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2880
  • Street Name I D X: Quentin
  • Special Features: None

Interior Features

  • Ceiling: Other
  • Flooring: Hardwood
  • Lot Sq Ft: 1640
  • Walls: Masonry

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3500.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 82
  • Lot Size Width: 20

Rental Info

  • Rent Income: 130632

Multi Family

  • Annual Gross Expense: 38589.00
  • Annual Gross Income: 130632
  • Insurance Expense: 3280.00
  • Property Net Operating Income: 92043.00
  • Unit Count: 5
  • Annual Utility Expenses: 500.00

Tax Info

  • Flip Tax Amount: 28234.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $28,238 $324,450 $83,700 $240,750
2024 $28,238 $273,240 $83,700 $189,540
2023 $25,935 $227,700 $83,700 $144,000
2022 $24,821 $283,500 $83,700 $199,800
2021 $23,043 $251,550 $83,700 $167,850
2020 $11,316 $274,500 $83,700 $190,800
2019 $21,266 $234,900 $83,700 $151,200
2018 $20,038 $162,630 $69,538 $93,092
2017 $19,380 $156,054 $69,942 $86,112
2016 $18,012 $144,495 $71,289 $73,206
2015 $11,271 $144,342 $78,045 $66,297
2014 $11,271 $133,650 $83,700 $49,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/03/2025 11/03/25 For Sale $1,688,000 +29.8% $586 / Sq Ft
12/17/2019 12/17/19 Sold $1,300,000 -- $450 / Sq Ft View Prior Sale
07/10/2019 07/10/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $1,300,000 --
Deed -- --
Deed -- --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 497078

Brooklyn Board of REALTORS®

APN: 06646-0001