$1,800,000

Exceptional Mixed Use Building With Prime Visibility

  • 5 Beds
  • 3 Baths
  • 1,873 Sqft
  • Updated: July 27
  • MLS#1029553

About the Property

Excellent Investment Opportunity Mixed-Use Building in Gravesend, Brooklyn Don’t miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn. Situated in one of South Brooklyn’s historic and established neighborhoods, t
Excellent Investment Opportunity Mixed-Use Building in Gravesend, Brooklyn Don’t miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn. Situated in one of South Brooklyn’s historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a five-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City. All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents. This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (four gas meters and four electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a thirty-year metal roofing warranty. Property Highlights: Mixed-use building with three residential units and one commercial storefront M1-1 zoning Well-maintained brick construction Three market-rate residential rentals One unit delivered vacant at closing Four separate gas meters Four separate electric meters Tenants pay their own utilities Utility room in excellent condition Roof with thirty-year metal protection warranty Prime Gravesend location near the F train, shopping, Coney Island, and major highways Highly motivated seller This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.
  • Property type

    Other

  • Year built

    1920

  • Price/sqft

    $961

Features

  • Basement

Explore the Area

1023 McDonald Brooklyn NY 11230 USA, New York, New York, United States View on Google Maps
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Olivia M White

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Olivia M White
New York, United States
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2026
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Houlihan Lawrence Real Estate
Houlihan Lawrence Real Estate
800 Westchester Avenue, 10573-1354, Rye Brook, New York, United States
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No one in New York City’s northern suburbs lists and sells more of the region’s prestigious properties than Houl

No one in New York City’s northern suburbs lists and sells more of the region’s prestigious properties than Houlihan Lawrence. Since 1888, we’ve offered unparalleled leadership in our markets by embracing innovation and building a team of talented market experts who know their communities best. Our regular participation in the area’s most significant transactions affords us a unique perspective towards marketing and selling luxury properties. Key to our success is our exclusive Private Brokerage program, dedicated global business development team and affiliations with the world’s top luxury real estate networks - a winning combination few other brokerages can offer. These extraordinary connections, combined with our personalized service, total discretion and hyper-targeted marketing, ensure we can meet the needs of discerning sellers and buyers from around the globe.

Houlihan Lawrence has branch offices with sales associates covering Westchester, Putnam and Dutchess Counties in New York and Fairfield County, Connecticut with an additional reach extending into the Bronx, upper Hudson Valley and Catskills.

Last updated
July 27
First listed
Jul 27
Listing reference
c9b974a6-881d-11f1-901e-6045bdd61ac4
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