1505 Gravesend Neck Rd - Apartments FOR SALE


Brooklyn, NY 11229- Sheepshead Bay
$1,788,000 USD
347-219-7317
1505 Gravesend Neck Rd, Brooklyn, NY for Sale
$1,788,000 USD
Apartments - FOR SALE
1/30
null | 5.75% Cap Rate

1505 Gravesend Neck Rd
Brooklyn, NY 11229
Sheepshead Bay


HIGHLIGHTS

  • Close to public transit, schools, and neighborhood amenities
  • Street parking available
  • Zoned for mixed-use in the desirable Homecrest neighborhood
  • Versatile mixed-use property with both commercial and residential components

OVERVIEW

Versatile mixed-use property offering a blend of commercial and residential spaces: perfect for investors seeking a balanced portfolio of rental income or for an owner looking to capitalize on a live-work space. First Floor: Established dental office with stable tenants and consistent foot traffic. Upper Floors: Two spacious 2-bedroom apartments, ideal for long-term tenants or owner occupancy. Basement: Fully finished, currently rented, providing additional space. Condition: Average condition throughout, offering an excellent opportunity for value-add improvements. Location: Conveniently situated in a desirable Homecrest area of Brooklyn, making it attractive to both residential and commercial tenants.

FOR SALE DETAILS

PRICE

$1,788,000 USD

PRICE/SF

$602 USD /SF

# OF UNITS

3

PRICE/UNIT

$596,000

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

c1-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gennadiy GershREMAX TEAMMore Info
347-219-7317

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Gennadiy GershREMAX TEAMMore Info
347-219-7317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.