Well-maintained brick constructionOne commercial storefrontThree residential apartmentsWell-maintained mixed-use brick building
Excellent Investment Opportunity – Mixed-Use Building in Gravesend, Brooklyn
Don't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn.
Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City.
All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents.
This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty.
Property Highlights:
Mixed-use building with 3 residential units and 1 commercial storefront
M1-1 zoning
Well-maintained brick construction
Three market-rate residential rentals
One unit delivered vacant at closing
Four separate gas meters
Four separate electric meters
Tenants pay their own utilities
Utility room in excellent condition
Roof with 30-year metal protection warranty
Prime Gravesend location near the F train, shopping, Coney Island, and major highways
Highly motivated seller
This is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.
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Zillow last checked:
Listing updated:
Listed by:
Houlihan Lawrence Inc.914-328-8400,
Olivia M. White718-930-5653,
Olivia M. White718-930-5653,
Houlihan Lawrence Inc.
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1029553
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3
Heating
Natural Gas
Cooling
None
Features
Granite Counters, High Ceilings, Marble Counters, Natural Woodwork, Original Details
Flooring: Ceramic Tile, Concrete, Hardwood, Tile
Windows: Aluminum Frames, Blinds, Double Pane Windows, Insulated Windows
Basement: See Remarks
Has fireplace: No
Interior area
Total structure area: 1,873
Total interior livable area: 1,873 sqft
Property
Parking
Parking features: None
Features
Patio & porch: Porch
Fencing: Back Yard,Fenced,Full
Has view: Yes
View description: None
Lot
Size: 1,874 Square Feet
Details
Parcel number: 054220004
Special conditions: None
Other equipment: None
Construction
Type & style
Home type: MultiFamily
Architectural style: Other
Property subtype: Triplex, Multi Family
Attached to another structure: Yes
Materials
Brick
Condition
Actual
Year built: 1920
Major remodel year: 1920
Utilities & green energy
Gas: Separate Gas Meters: 4
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected
Community & HOA
Location
Region: Brooklyn
Financial & listing details
Price per square foot: $961/sqft
Tax assessed value: $323,550
Annual tax amount: $3,090
Date on market: 7/24/2026
Cumulative days on market: 3 days
Listing agreement: Exclusive Right To Sell
Listing terms: Contract
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/24/2026
Price change
$1,800,000+44%$961/sqft
Source: OneKey® MLS as distributed by MLS GRID #1029553Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.