1890 W 6th ST, Brooklyn, NY 11223
1890 W 6th ST, Brooklyn, NY 11223
1890 W 6th ST, Brooklyn, NY 11223
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Randy Reis

Randy Reis

+1(917) 435-4870
$1,875,000
Est. payment /mo
2,500 Sqft Lot
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UPDATED:

Key Details

Property Type Mixed Use, 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

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Cable Available, Cable Connected, Electricity Available, 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

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Crifasi Real Estate Inc • Sal J. Crifasi

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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