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Property Information :
Web ID / MLS#: BL20624
Property Description: Gravesend - Prime mixed use investment building located on Ave O. This property consists of five rental units with no leases & a prime ground floor commercial space. The ground floor commercial space is currently rented. Full finished basement with a new heating unit, upgraded electric service and so much more. Steps to Bay Pkwy N Train, B4, B6L Buses and Shopping.
Gross Monthly Income: $7,300
Gross Annual Income: $87,600
Total Expenses: $22,062
Net Operating Income: $65,538
Location: Gravesend (pronounced "GRAVES end", not "grave SEND") is a neighborhood in the south-central section of the New York City borough of Brooklyn, USA. The derivation of the name is unclear. Some speculate that it was named after the English seaport of Gravesend, Kent. An alternative explanation suggests that it was named by Willem Kieft for the Dutch settlement of "'s- Gravesande", which means "Count's Beach" or "Count's Sand". There is also a city in The Netherlands called 's-Gravenzande Gravesend was one of the original towns in the Dutch colony of New Netherland and became one of the six original towns of Kings County in colonial New York. It was the only English chartered town in what became Kings County and was designated the "Shire Town" when the English assumed control, as it was the only one where records could be kept in English. Courts were removed to Flatbush in 1685. The former name survives, and is now associated with a neighborhood in Brooklyn. Gravesend is notable for being founded by a woman, Lady Deborah Moody; a land patent was granted to the English settlers by Governor Willem Kieft, December 19, 1645 Gravesend Town encompassed 7,000 acres (28 km²) in southern Kings County, including the entire island of Coney Island, which was originally the town's common lands on the Atlantic Ocean, divided up, as was the town itself, into 41 parcels for the original patentees. When the town was first laid out, almost half were salt marsh wetlands and sandhill dunes along the shore of Gravesend Bay.
Zip Code: 11204
Property Type:
-Mixed Use
Address: Ave O
Price: $1,100,000 
Status:
Sqft: 5100
Bedrooms: 7
Baths: 5
Open House: Shown by Appointment
 
Surrounding Neighborhoods:
-Bath Beach
-Bensonhurst
-Coney Island
-Gravesend
-Homecrest
 
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718-768-4500
info@BrooklynProperty.com

 Floor Plan(s) & Maps 

 Property Video(s)

   - Lot Size :  20' x 100'    - Tax :  $11,562 per year
   - Building Size :  20' x 85'    - Insurance :  $2,500 per year
   - Water/Sewer :  $4,000 per year    - Transportation :  Bay Pkwy N Train 3 blocks away / B4, B6L Buses
   - Fuel :  $4,000 per year    - Year Built :  1928
   - Exterior :  Brick    - Roof :  Flat
   - Levels :  3    - Heating System :  Gas
   - Cross St :  W.10 St / W.11 St    - Rooms :  17
   - Basement :  Full Semi Finished    - Zoning :  R5B
   - Total Units :  5
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