REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

May

Fri

May

Sat

May

Dwell Snap Team

info@dwellsnap.com +1(860) 306-9136

$ 1,950,000

Est. payment -/mo

Save

New

1890 W 6th ST Brooklyn, NY 11223

2,500 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 858279

Rental Info No

Year Built 1931

Annual Tax Amount $29,332

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Mixed Use

Source onekey2

Property Description

This fully occupied, well-maintained brick mixed-use building in the heart of vibrant Gravesend, Brooklyn, offers an exceptional investment opportunity. Spanning approximately 3,900 square feet across two floors on a 25ft x 100ft lot, this 1931-built property (zoned R5B) features four retail units on the ground floor, including a deli with basement access, and two spacious residential apartments on the second floor (one 3-bedroom, one 2-bedroom, each approximately 975 sq ft). The building generates strong income with a current gross annual income of $131,760 and a projected gross of $149,760 after recommended rent adjustments, yielding a current NOI of $85,542 and a projected NOI of $92,977.18 (based on expenses of $56,782.82, including taxes, utilities, and insurance). Its robust brick construction ensures low maintenance, making it a turnkey asset for investors. Ideally situated near the Avenue U subway station (N and W lines, rated 4.0 with 37 reviews), the property offers excellent accessibility to Manhattan and beyond. Gravesend's charm shines through with proximity to iconic destinations like L&B Spumoni Gardens, renowned for its square Sicilian pizza and spumoni, as well as Coney Island's famous boardwalk, amusement parks, and the New York Aquarium, all just a short distance away. This property combines steady cash flow, growth potential, and a prime location in a sought-after Brooklyn neighborhood.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Bilco Door(s), Finished, Full, Storage Space

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Available, Water Connected

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by Crifasi Real Estate Inc

Data provided by Home Junction

Dwell Snap Team

Agent | License ID: 10401320877

+1(860) 306-9136

GET MORE INFORMATION

QUICK SEARCH SALES

There are 16 quick searches