MLS#858279
STATUSActive
PROPERTY TYPECommercial - Multiple
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.
Property Features
Property Type: Commercial - Multiple
Basement: Bilco Door(s), Finished, Full, Storage Space
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $29,332
Year Built: 1931
Feature Descriptions
Building Area Total: 4500
Business Type: Mixed
Days on Site: 315
Exterior: Brick
Heating Zones: 1
Lot Features: Corner Lot
On Market Date: 2025-05-20
Parcel Number: 06674-0042
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Available, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Crifasi Real Estate Inc
Agency Contact: 718-782-4411
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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1890 W 6th Street | MLS# 858279
This commercial property located at 1890 W 6th Street, Brooklyn, NY 11223 is currently listed for sale with an asking price of $1,875,000. Search Brooklyn real estate on www.coldwellbankerchoice.com today.