New Listing - 05/20/2025
Listing courtesy of Crifasi Realty Associates Inc Phone: (718) 821-5999
1890 W 6th Street, Brooklyn, (Gravesend), NY, 11223
11 rooms
5 beds
3 Full baths
1900
0 sqft
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. Gravesends 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 Islands 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:
Brooklyn
Type:
Condo/Coop
Furnished Remarks:
Unfurnished
Laundry Remarks:
Building None,None
Units:
4
Heating:
None
Lot Size:
0X0
Est. Taxes:
$29,328
Days on Market:
1
Pet Policy:
Building No, No
MLS #:
RLS20025539
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