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  • 122 ave T
  • $ 3,500,000
122 ave T Gravesend Brooklyn NY 11223
122 ave T Gravesend Brooklyn NY 11223
122 ave T Gravesend Brooklyn NY 11223
122 ave T Gravesend Brooklyn NY 11223
122 ave T Gravesend Brooklyn NY 11223

122 ave T

Gravesend

Building For Sale
$ 3,500,000
Ownership Mixed Use
Lot Size 21'x90'
Status Active
Real Estate Taxes [Per Annum] $ 18,863
Building Size 21'x80'
ASF/ASM 5,670/527
 

Photos

122 ave T Gravesend Brooklyn NY 11223
122 ave T Gravesend Brooklyn NY 11223
122 ave T Gravesend Brooklyn NY 11223

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
122 ave T Gravesend Brooklyn NY 11223

Property Description

A magnificent newly renovated brick mixed-use property, fully redone from top to bottom, showcasing two prime commercial stores and four elegant residential units. Each residence is equipped with independent heat and hot water systems, allowing tenants to cover their own utilities and ensuring maximum efficiency for the owner. With a building size of 21 × 80 ft and a lot size of 21 × 90 ft, this impressive property also features a private garage and parking for two vehicles, along with brand-new plumbing and electrical systems that deliver both luxury and durability. Generating an annual gross income of $308,000 with minimal expenses of $38,633, the property achieves a strong net operating income of $269,537 and offers an outstanding cap rate. Ideally situated in a sought-after Brooklyn neighborhood celebrated for its vibrant shopping corridors, excellent schools, and convenient transportation, this is a rare opportunity to acquire a turnkey trophy investment with enduring value.
A magnificent newly renovated brick mixed-use property, fully redone from top to bottom, showcasing two prime commercial stores and four elegant residential units. Each residence is equipped with independent heat and hot water systems, allowing tenants to cover their own utilities and ensuring maximum efficiency for the owner. With a building size of 21 × 80 ft and a lot size of 21 × 90 ft, this impressive property also features a private garage and parking for two vehicles, along with brand-new plumbing and electrical systems that deliver both luxury and durability. Generating an annual gross income of $308,000 with minimal expenses of $38,633, the property achieves a strong net operating income of $269,537 and offers an outstanding cap rate. Ideally situated in a sought-after Brooklyn neighborhood celebrated for its vibrant shopping corridors, excellent schools, and convenient transportation, this is a rare opportunity to acquire a turnkey trophy investment with enduring value.

Listing Courtesy of RE/MAX Edge

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
122 ave T Gravesend Brooklyn NY 11223
122 ave T Gravesend Brooklyn NY 11223

Building Details [122 ave T]

Ownership Mixed Use
Building Size 21'x80'
Lot Size 21'x90'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 495971