2948 Avenue R

$899,000
Price
Beds
1,700 Sq. Ft.
$529 / Sq. Ft.
1,700
Sq. Ft.
$529
per Sq. Ft.

Description

This mixed-use building in Sheepshead Bay/Marine Park is a great opportunity for investors or owners. The property features a retail space on the ground floor, currently used as a dry cleaner, which will be delivered vacant for you to use or rent out. Above it is a 2-bedroom, 1-bathroom residential unit with a living room and kitchen, perfect for living or additional rental income. There is a basement for additional storage. The property also includes a large backyard with space to park multiple...This mixed-use building in Sheepshead Bay/Marine Park is a great opportunity for investors or owners. The property features a retail space on the ground floor, currently used as a dry cleaner, which will be delivered vacant for you to use or rent out. Above it is a 2-bedroom, 1-bathroom residential unit with a living room and kitchen, perfect for living or additional rental income. There is a basement for additional storage. The property also includes a large backyard with space to park multiple cars—an added convenience. It’s located in a busy area near shops, restaurants, and several bus stops, including the B2, B31, B44, and BM4. The B and Q train station is just a few minutes away, making it easy to get around. Building size 17x75 for the ground floor 17x40 for the upper level. Lot size 17x95. Don’t miss out on this great opportunity. Contact us today to schedule a viewing!
  1. Listed by Kelly Wu • RE/MAX Edge • Other

Amenities

  • Ground Floor
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 01/06/2025 12:11 PM

Property Details for 2948 Avenue R

StatusActive
MLS ID488350
Days on Market3
Taxes$5,573 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1925
Lot Size1,615 SF / 17' x 95'
CountyKings County

Building

2948 Avenue R

2 Units2 StoriesBuilt in 1925

Building Information for 2948 Avenue R

Stories2Residences2Year Built1925Lot Size1,615 SF / 17' x 95'Building Age-Building Type-

Property Information for 2948 Avenue R

Summary
Location and General Information
  • Block: 6836
  • Number Of Stories: 1
  • Cross Street Name: Nostrand Av
  • Cross Street Name: Haring St
  • Zoning: R4
  • Roof: Asphalt/Tar, Flat
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Other
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 5573.0
  • Gross Expense: 6753.0
  • Gross Income: $66,000.00
Property
Lot Information
  • Sq Ft Total: 1700
  • Yard: Back
  • Lot Number: 9
  • Lot Size Irregular YN: No
  • Lot Size Length: 95
  • Lot Size Width: 17
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 180.0
  • Fuel Expense: 0.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Commercial Features Interior: Other
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Tile, Other
  • Unit Count: 2
  • Lavatories: 1
  • Construction Materials: Brick
  • Electric: 110 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Doors - 11-15 ft, Sign - Building, Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1275.0
  • Building Length: 75.0
  • Building Type: Attached
  • Building Width: 17.0
Unit 1
  • Unit Category: Store
  • Unit Room Description: will be delivered vacant
  • Unit Floor: 1
  • Unit Status: Vacant
  • Unit Unit Type: Retail
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 Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: Unknown
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Owner Occupied: No
  • Rent Income: 66000.0

Property History for 2948 Avenue R

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2948 Avenue R

Taxable ValueLand$9,960Additions$40,860Total$50,820
Home Facts
Total Finished SqFt1,700 SqFtLot Size1,615 SqFtYear Built1925ZoningR4APN3068360009

Schools near 2948 Avenue R

This home is within Nyc Geog District #22 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 222 Katherine R Snyder
PublicK to 5

Jhs 278 Marine Park
Public6 to 8

James Madison 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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2948 Avenue R is a mixed use property for sale in Madison. This property was listed for sale on January 3, 2025 by RE/MAX Edge, it's currently listed at $899,000. This listing's school district is Nyc Geog District #22 - Brooklyn. Nearby schools include P.S. 222 Katherine R Snyder, Jhs 278 Marine Park and James Madison High School. 2948 Avenue R is a 0-bed, 0-bath, 1,700 sqft mixed use property built in 1925.

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Listing Courtesy of RE/MAX Edge

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 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 2025, 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. ©2025 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.©2025 The Real Estate Board of New York, Inc., All rights reserved.