289 Avenue South

Gravesend

$899,999
Price
Beds
1,280 Sq. Ft.
$703 / Sq. Ft.
1,280
Sq. Ft.
$703
per Sq. Ft.

Description

Prime Mixed-Use Property in Gravesend – A Fantastic Opportunity Awaits! Explore this well-maintained mixed-use property located in the vibrant heart of Gravesend! Recently renovated, this property offers a finished basement and updated electrical systems, making it an excellent choice for a wide range of businesses, whether you’re looking to open a retail shop, office, or service-based operation. The spacious layout provides the flexibility to customize the space to fit your business needs. Additionally,...Prime Mixed-Use Property in Gravesend – A Fantastic Opportunity Awaits! Explore this well-maintained mixed-use property located in the vibrant heart of Gravesend! Recently renovated, this property offers a finished basement and updated electrical systems, making it an excellent choice for a wide range of businesses, whether you’re looking to open a retail shop, office, or service-based operation. The spacious layout provides the flexibility to customize the space to fit your business needs. Additionally, there’s potential to add another floor, which means you can expand your operations and maximize your investment. This versatility makes it a perfect opportunity for entrepreneurs and investors alike. Situated in a prime location, this property enjoys high visibility and significant foot traffic, making it an ideal spot for attracting customers. The surrounding area is bustling with activity, providing a strong customer base for your business. The motivated seller is eager to negotiate, and the cooperative listing agent is ready to assist you throughout the buying process to ensure a smooth experience. This is a rare opportunity to own a piece of real estate in one of Brooklyn’s most sought-after neighborhoods. Don’t miss your chance to make your business dreams a reality! Schedule your showing today and discover all the possibilities this property has to offer!
  1. Listed by Xiaowei (Vivian) Zou • Momentum Real Estate LLC

Amenities

  • Walk Up
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Full Basement
  • Parking Included
  • Lowrise
  • Range
LISTING UPDATED: 12/02/2024 06:28 PM

Property Details for 289 Avenue South

StatusActive
MLS ID487415
Days on Market41
Taxes$5,592 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1930
Lot Size930 SF / 20' x 46'
CountyKings County

Building

289 Avenue S

2 Units2 StoriesBuilt in 1930

Building Information for 289 Avenue South

Stories2Residences2Year Built1930Lot Size930 SF / 20' x 46'Building Age-Building Type-

Property Information for 289 Avenue South

Summary
Location and General Information
  • Block: 6678
  • Number Of Stories: 1
  • Cross Street Name: West 3rd St
  • Cross Street Name: Van Sicklen St
  • Zoning: R4-1
  • Roof: Flat
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 5592.0
  • Gross Expense: 11500.0
  • Gross Income: $48,252.00
  • Miscellaneous Expense: 0.0
  • Cap Rate: .04%
Property
Lot Information
  • Sq Ft Total: 1280
  • Yard: Back
  • Lot Number: 32
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 45
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler
  • Utility Expense: 0.0
  • Fuel Expense: 0.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished
  • Commercial Features Interior: None
  • Foundation Details: Poured Concrete
  • Flooring: Tile
  • Unit Count: 2
  • Lavatories: None
  • Construction Materials: Brick
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 640.0
  • Building Length: 32.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 1900.0
  • Unit Floor: 2
  • Unit Rooms Total: 5
  • Unit Status: Month-to-Month
  • Unit Unit Type: 3 Bedrooms
Unit 2
  • Unit Category: Store
  • Unit Current Rent: 2121.0
  • Unit Room Description: 3 years lease
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Other
Agent
Agent Information
  • Net Operating Income: 36752.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 1800.0
  • Owner Occupied: No
  • Rent Income: 4021.0

Property History for 289 Avenue South

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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

Public Records for 289 Avenue South

Taxable ValueLand$9,960Additions$55,440Total$65,400
Home Facts
Total Finished SqFt1,280 SqFtLot Size880 SqFtYear Built1930ZoningR4-1APN3066780032

Schools near 289 Avenue South

This home is within Nyc Geog District #21 - Brooklyn.
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. 215 Morris H Weiss
PublicPK to 5

Is 228 David A Boody
Public6 to 8

Leaders 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.

Similar Homes

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289 Avenue South is a mixed use property for sale in Gravesend. This property was listed for sale on November 12, 2024 by Momentum Real Estate LLC, it's currently listed at $899,999. It has been on the market for a total of 41 days and was last sold on October 18, 2017. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 215 Morris H Weiss, Is 228 David A Boody and Life Academy High School For Film And Music. 289 Avenue South is a 0-bed, 0-bath, 1,280 sqft mixed use property built in 1930.

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Listing Courtesy of Momentum Real Estate LLC

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