New Listing - 05/20/2025
1890 W 6th Street, New York, (Brooklyn), NY, 11223
1931
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.
Status:
Active
Town:
New York
Type:
Commercial
Units:
6
Cooling:
Wall/Window Unit(s)
Basement:
Bilco Door(s), Finished, Full, Storage Space
Acreage:
0.06
Est. Taxes:
$29,332
Assessment
$279,900
Construction
Brick
Utilities
Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Available, Water Connected
Lot Description:
Corner Lot
Days on Market:
1
MLS #:
858279
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Crifasi Real Estate Inc 718-782-4411