$1,195,0001188 Gravesend Neck RoadBrooklyn, New York, 11229
Primary Features
- Property Type: Mixed Use
- Property Subtype: Mixed Use
- Lot Size: 910 sqft.
- Year Built: 1920
Other Features
- Flooring: Ceramic, Hardwood
- Foundation Details: Stone
- Heat Delivery: Ductless/Split, Hot Water
- Heating Fuel: Gas
- Roof: Flat, Rubber
- Electric: 220 V, Circuit Breakers
Location
- Neighborhood: Sheepshead Bay
- City: Brooklyn
- State: New York
- Zip: 11229
- Zoning: R4
Pricing & Sale Info
- Price: $1,195,000
- MLS#: 463352
- Updated: Jun 10, 2022
About This Property
Corner mixed use brick building, 1 apartment + 1 commercial space (restaurant) in a great location Homecrest/Sheepshead Bay section of Brooklyn. The building, with over 75’ of frontage consists of a commercial space (Sushi Mikasa restaurant established 2011) and a spacious 2 bedroom/1.5 bath apartment. Both units are occupied with stable tenants and great monthly income, 5% cap rate. Well kept building with updates that include a new boiler (2021), new roof (2021), brick power wash and pointing (2019), two separate heating systems (one for apartment, one for restaurant) with each tenant paying their own utilities. There is a full basement with 9’ ceilings and a small rear yard. There are additional approved plans for additional seating area on the ground floor and in the basement. Busy residential and commercial area, neighbors include the police department (61st Precinct), all the businesses along Coney Island Ave and Gravesend Neck Road, short distance to the Neck Rd ‘Q’ train.
