182 Avenue S

Gravesend   |   West 7th Street & West 6th Street

Price Drop
Building for sale
$ 1,450,000 [ 6.39% | $ 99,000 ]
Ownership Mixed Use
Floors/Apts 2/2
Status Active
Real Estate Taxes [Per Annum] $ 4,914
Building Type Low-Rise
Year Built 1931
ASF/ASM 2,080/193
Listing ID: 79334TH

Property Description

Welcome to 182 Avenue S in the Gravesend section of Brooklyn. This Mixed Use building offers 2 spacious apartments, and a ground level store with access to a full basement. The store is currently occupied by a car service business, while the basement runs the full length of the building and is perfect for storage. There is access to the basement from the 1st floor hallway and from the front of the building. The 1st floor apartment located behind the store offers a kitchen, a full bathroom, 2 spacious bedrooms, a large living room, and access to the backyard. The top floor apartment is super spacious offering 3-4 bedrooms, a large living room, a kitchen, a full bathroom, and access to a covered rear terrace. Both apartments have long term tenants who are paying below market value rent. Potential Cap Rate of 4.5% with increases to market rent on residential units. Landlord responsible for water, heat, and hallway lighting. Owner ready to hear offers
Welcome to 182 Avenue S in the Gravesend section of Brooklyn. This Mixed Use building offers 2 spacious apartments, and a ground level store with access to a full basement. The store is currently occupied by a car service business, while the basement runs the full length of the building and is perfect for storage. There is access to the basement from the 1st floor hallway and from the front of the building. The 1st floor apartment located behind the store offers a kitchen, a full bathroom, 2 spacious bedrooms, a large living room, and access to the backyard. The top floor apartment is super spacious offering 3-4 bedrooms, a large living room, a kitchen, a full bathroom, and access to a covered rear terrace. Both apartments have long term tenants who are paying below market value rent. Potential Cap Rate of 4.5% with increases to market rent on residential units. Landlord responsible for water, heat, and hallway lighting. Owner ready to hear offers

Listing Courtesy of Elliman

Care to take a look at this property?

182 Avenue S Gravesend Brooklyn NY 11223

Building Details [182 Avenue S]

Ownership Mixed Use
Service Level Voice Intercom
Access Walk-up
Block/Lot 7082/6
Building Type Low-Rise
Year Built 1931
Floors/Apts 2/2

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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