1637 Sheepshead Bay Road
Description
Discover unparalleled potential at 1637 Sheepshead Bay Road, a versatile mixed-use property situated in one of Brooklyn’s most vibrant and high-traffic neighborhoods. This expansive property offers incredible income-generating opportunities and untapped redevelopment potential, making it perfect for investors, developers, and visionaries alike. Property Details:
• Lot Size: 50 ft x 177 ft | Zoning: C4-2
• Building Size: 13,149 SF
• Ground...Premier Mixed-Use Investment Opportunity in Sheepshead Bay
Discover unparalleled potential at 1637 Sheepshead Bay Road, a versatile mixed-use property situated in one of Brooklyn’s most vibrant and high-traffic neighborhoods. This expansive property offers incredible income-generating opportunities and untapped redevelopment potential, making it perfect for investors, developers, and visionaries alike. Property Details:
• Lot Size: 50 ft x 177 ft | Zoning: C4-2
• Building Size: 13,149 SF
• Ground Floor & Lower Level: Commercial Unit (Owner-occupied by Monica’s Bridal, can be delivered vacant)
• Second Floor: 4 Residential Units (Three 2-bedroom apartments and one 1-bedroom apartment)
• Offering Price: $7,495,000
Highlights:
• Development Opportunity: With additional FAR available, bring your architect to explore redevelopment options and unlock the full potential of this property. Property Details:
• Lot Size: 50 ft x 177 ft | Zoning: C4-2
• Building Size: 13,149 SF
• Ground Floor & Lower Level: Commercial Unit (Owner-occupied by Monica’s Bridal, can be delivered vacant)
• Second Floor: 4 Residential Units (Three 2-bedroom apartments and one 1-bedroom apartment)
• Offering Price: $7,495,000
Highlights:
• Development Opportunity: With additional FAR available, bring your architect to explore redevelopment options and unlock the full potential of this property • Prime Commercial Space: The ground floor, currently home to the renowned Monica’s Bridal, is ideal for a new commercial tenant or a complete reimagining of the space. • Prime Commercial Space: The ground floor, currently home to the renowned Monica’s Bridal, is ideal for a new commercial tenant or a complete reimagining of the space • Location, Location, Location: Situated on bustling Sheepshead Bay Road, this property boasts 50 ft of frontage and is surrounded by major retailers like Chase Bank, Starbucks, CVS, and Stop & Shop. Neighborhood Features:
• High-traffic area with easy access to public transportation, including the N, B subway lines and multiple bus routes. Neighborhood Features:
• High-traffic area with easy access to public transportation, including the N, B subway lines and multiple bus routes • Close proximity to shopping, dining, and amenities in a thriving Brooklyn community. Financial Overview:
• Total Annual Income (Apartments + prospective NNN Lease): $560,550
• Annual Operating Expenses:
• Insurance: $13,000
• Water: $1,500
• Sprinkler/Fire Alarm: $2,000
• Real Estate Taxes: $88,589
• Total Expenses: $105,089
• Net Operating Income (NOI): $445,461
CAP Rate: 6%
Whether you’re looking to capitalize on steady income, secure a high-demand commercial location, or embark on a redevelopment project, 1637 Sheepshead Bay Road offers the flexibility and potential to meet your goals. The development possibilities, combined with its prime location and stable income, make it a rare and attractive investment. Contact us today to explore this unique opportunity!
Property Details for 1637 Sheepshead Bay Road
Property Details for 1637 Sheepshead Bay Road
| Status | Active |
|---|---|
| MLS ID | OLRS-0098555 |
| Days on Market | 14 |
| Taxes | $7,382 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 9.0 |
| Compass Type | Mixed Use |
| MLS Type | Mixed Use |
| Year Built | 1927 |
| Lot Size | 8,850 SF / 50' x 177' |
| County | Kings County |
Building
1637 Sheepshead Bay Rd
Building Information for 1637 Sheepshead Bay Road
Property Information for 1637 Sheepshead Bay Road
- Subdivision Name: Sheepshead Bay
- Cross Street: Jerome Avenue/Voorhies Avenue
- Stories Total: 3
- Tax Lot: 59
- Tax Block: 7462
- Building Tax Lot: 59
- Tax Abatement YN: false
- Garage: No
- Living Area: 13150.0
- Building Area Total: 13150.0
- Building Area Units: SquareFeet
- Lot Size Dimensions: 50.00 x 177.00
- Living Area Units: SquareFeet
- Foundation Area: 0.0
- Building Laundry Features: SeeRemarks
- Building Pets Allowed: BuildingYes
- New Development: No
- Certificate Of Occupancy: No
- Common Interest: None
- New Construction: No
- Structure Type: WalkUp
- Property Condition: Good
- Other Equipment: Intercom
- ElevatorsTotal: 0
- Size Dimensions: 0.00 x 0.00
- Number Of Units Total: 0
- Pets Allowed: UnitYes
- Delivered Vacant: Yes
- Attendance Type: None
Property History for 1637 Sheepshead Bay Road
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1637 Sheepshead Bay Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 254 Dag Hammarskjold PublicPK to 5 | ||
Jhs 14 Shell Bank Public6 to 8 | ||
Professional Pathways High School Public9 to 12 | ||
Origins High School Public9 to 12 |
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.
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Listing Courtesy of Nest Seekers LLC
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.
