1505 Gravesend Neck Road

$2,150,000
Price
5
Beds
4.5
Baths
2,970 Sq. Ft.
$724 / Sq. Ft.
2,970
Sq. Ft.
$724
per Sq. Ft.

Description

Versatile mixed-use property offering a blend of commercial and residential spaces:
First Floor: Established dental office with stable tenants and consistent foot traffic. Upper Floors: Two spacious 2-bedroom apartments, ideal for long-term tenants or owner occupancy. Basement: Fully finished
Condition: Average condition throughout, offering an excellent opportunity for value-add improvements. Location: Conveniently situated in a desirable area, making it attractive to both residential and commercial
...Versatile mixed-use property offering a blend of commercial and residential spaces:

First Floor: Established dental office with stable tenants and consistent foot traffic. Upper Floors: Two spacious 2-bedroom apartments, ideal for long-term tenants or owner occupancy. Basement: Fully finished
Condition: Average condition throughout, offering an excellent opportunity for value-add improvements. Location: Conveniently situated in a desirable area, making it attractive to both residential and commercial tenants. Perfect for investors seeking a balanced portfolio of rental income or for an owner looking to capitalize on a live-work space."
  1. Listed by Gennadiy Gershanovich • Re Max Team
  2. Listed by Bruna Kafexhi • Re Max Team

Amenities

  • Walk Up
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 08/30/2024 05:00 PM

Property Details for 1505 Gravesend Neck Road

StatusActive
MLS ID485573
Days on Market25
Taxes$6,112 / year
Maintenance-
Min. Down Pymt-
Total Rooms15.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1910
Lot Size1,249 SF / 18' x 70'
CountyKings County

Building

1505 Gravesend Neck Rd

3 Units3 StoriesBuilt in 1910

Building Information for 1505 Gravesend Neck Road

Stories3Residences3Year Built1910Lot Size1,249 SF / 18' x 70'Building Age-Building Type-

Property Information for 1505 Gravesend Neck Road

Summary
Location and General Information
  • Number Of Stories: 1
  • Cross Street Name: East 15th street
  • Roof: Rubber
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 6112.0
Property
Lot Information
  • Sq Ft Total: 2970
  • Yard: Back
  • Lot Size Irregular YN: No
  • Lot Size Length: 70
  • Lot Size Width: 18
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Baseboard
  • Heating Fuel: Gas
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Commercial Features Interior: Kitchen, Window Display
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Laminate
  • Unit Count: 3
  • Number Of Available Units: 3
  • Lavatories: 2
  • Construction Materials: Brick
  • Electric: 110 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Fence - Full, Sign - Building
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 990.0
  • Building Length: 55.0
  • Building Type: Attached
  • Building Width: 18.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 3750.0
  • Unit Floor: 1
  • Unit Sq Ftper Unit: 1000.0
  • Unit Status: Leased
  • Unit Unit Type: Medical
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1750.0
  • Unit Floor: 2
  • Unit Rooms Total: 0
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1750.0
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3500.0
  • Owner Occupied: No
  • Rent Income: 8500.0
  • Rent Income Period: 12

Property History for 1505 Gravesend Neck Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1505 Gravesend Neck Road

Taxable ValueLand$12,180Additions$60,540Total$72,720
Home Facts
Total Finished SqFt2,970 SqFtLot Size1,250 SqFtYear Built1910ZoningR4APN3073760059

Schools near 1505 Gravesend Neck Road

This home is within Nyc Geog District #22 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
P.S. 206 Joseph F Lamb
PublicK to 8

Jhs 234 Arthur W Cunningham
Public6 to 8

Brooklyn College Academy
Public9 to 12

P.S. 326
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1505 Gravesend Neck Road is a mixed use property for sale in Homecrest. This property was listed for sale on August 27, 2024 by Re Max Team, it's currently listed at $2,150,000. It has been on the market for a total of 25 days and was last sold on September 19, 1997. This listing's school district is Nyc Geog District #22 - Brooklyn. Nearby schools include P.S. 206 Joseph F Lamb, Jhs 234 Arthur W Cunningham and Brooklyn College Academy. 1505 Gravesend Neck Road is a 5-bed, 4.5-bath, 2,970 sqft mixed use property built in 1910.

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Listing Courtesy of Re Max Team

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