Sold for $1,450,000

$1,450,000

431 Kings Hwy, Brooklyn, NY 11223

--beds

1,240sqft

Mixed Use

Built in 1931

2,059 Square Feet Lot

$1,446,600 Zestimate^®

$1,169/sqft

$4,028 Estimated rent

Home value

$1,446,600

$1.27M - $1.65M

$4,028/mo

Zestimate^® history

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$4,028/mo

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$4,028/mo

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$8,558/mo

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$8,558/mo

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What's special

Heavy foot trafficFull high ceiling basementRetail ground-level storefrontExcellent visibility

Prime Investment Opportunity to own a spacious 3 story mixed-use property in the Heart of Brooklyn’s Gravesend. This excellent ideal property features a retail ground-level storefront with excellent visibility and heavy foot traffic, with 2 apartment units on the 2nd and 3rd level. It comes with a full high ceiling basement for the store to use. The building is 20’ X 62’=1,240’, lot is 20’ X 102’=2,059’. This hustling and bustling area has PC Richards & Son right across the street. It is situated 1.5 short blocks to the F train, Ave U Train Station. This store can demand above $5,000/mo. rent. The store is vacant. Building comes with good on time paying tenants: 2nd level pays $1,827 and 3rd level pays $2,800. Each apartment has 4 bedrooms. No lease. Property tax is low at only $8,755/yr. This prime vibrant location is close to all. It is priced to sale. This Gravesend gem delivers on space, location, and value. Schedule your showing today!

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 3
1/2 bathrooms: 3

Heating

Natural Gas, Steam/Radiator

Appliances

Included: Gas Water Heater

Features

Flooring: Ceramic Tile, Hardwood, Laminate, Tile
Doors: Doors - 10 ft and under
Basement: Full

Interior area

Total structure area: 1,240
Total interior livable area: 1,240 sqft

Property

Parking

Parking features: None

Features

Stories: 3

Lot

Size: 2,059 Square Feet
Dimensions: 20x102
Features: Back Yard, Irregular Lot

Details

Foundation area: 1240
Parcel number: 066560046
Zoning: R7A
Special conditions: Arm's Length

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Materials

Sheet Rock, Brick
Foundation: Concrete Perimeter
Roof: Flat

Condition

Year built: 1931

Utilities & green energy

Electric: 110 V

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Brooklyn

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $1,169/sqft
Tax assessed value: $910,000
Annual tax amount: $8,755
Date on market: 4/28/2025
Cumulative days on market: 57 days
Total actual rent: 9627

Price history

Date	Event	Price
11/14/2025	Listing removed	$5,500$4/sqft
Source: Zillow Rentals Report a problem
11/6/2025	Sold	$1,450,000-9.4%$1,169/sqft
Source: BNYMLS #492178 Report a problem
10/11/2025	Listed for rent	$5,500$4/sqft
Source: Zillow Rentals Report a problem
6/23/2025	Pending sale	$1,599,999$1,290/sqft
Source: BNYMLS #492178 Report a problem
4/28/2025	Listed for sale	$1,599,999$1,290/sqft
Source: BNYMLS #492178 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,864 +1.2%	$54,600 +3.4%
2024	$8,755	$52,800 -5.9%
2023	--	$56,100 +21.4%
2022	--	$46,200 +3.1%
2021	--	$44,820 -21.1%
2020	$7,879 +2.5%	$56,820
2019	$7,689 +7.3%	$56,820 +65.8%
2018	$7,169 +3.7%	$34,272 +1.1%
2017	$6,913 +7.5%	$33,912 +3.1%
2016	$6,430	$32,881 +6%
2015	$6,430 +66.6%	$31,020 +2.5%
2014	$3,859	$30,273