1890 W 6th Street Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11223
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Gravesend
MLS Listing ID RLS20025539
Bedrooms 5
HOA Y/N Yes
Year Built 1900
Annual Tax Amount $29,328
Property Sub-Type Mixed Use
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. 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.
Location
State NY
County Kings
Interior
Heating None
Furnishings Unfurnished
Fireplace No
Laundry Building None,None
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Mixed Use
New Construction No
Others
Ownership None
Monthly Total Fees $2,444
Pets Allowed Building No,No