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  • $2,100,000

    627 Gravesend Neck Rd, Brooklyn, NY 11223

    8beds
    5,796sqft
    Loading
    Mixed Use
    Built in 1930
    -- sqft lot
    $2,026,500 Zestimate®
    $362/sqft
    $-- HOA

    What's special

    Excellent Investment Opportunity – 5-Family Property with 1 Storefront. No additional renovations are needed, as all residential units are already beautifully maintained and move-in ready. The property consists of three 2-bedroom apartments, two 1-bedroom apartments, and one storefront, with every unit currently generating rental income, providing a steady stream of cash flow. In addition to its rental income potential, the property's desirable location offers the potential for long-term appreciation, making it an attractive investment for the future. Tenants are responsible for their own electricity and gas expenses, helping reduce the owner's utility costs. Conveniently located near the F train subway station and B3 and B68 bus routes, the property offers easy access to public transportation and everyday conveniences. Don't miss this outstanding opportunity to own an income-producing property with strong investment potential!
    17 days
    333
    15

    Zillow last checked:

    Listing updated:

    Listed by:

    Remax Edge 917-702-8533,

    Cuie Wu

    Source: StreetEasy,MLS#: S1853625

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 5
      • Full bathrooms: 5
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 5,796
      • Total interior livable area: 5,796 sqft

      Property

      Details
      • Parcel number: 071580028
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Mixed Use
      Condition
      • Year built: 1930

      Community & HOA

      Community
      • Subdivision: Sheepshead Bay
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $362/sqft
      • Tax assessed value: $1,221,000
      • Annual tax amount: $18,623
      • Date on market: 10/17/2026

        Estimated market value

        $2,026,500

        $1.93M - $2.13M

        $5,337/mo

        Price history

        DateEventPrice
        10/17/2026Listed for sale$2,100,000+425%$362/sqft
        Source: BNYMLS #505319 Report a problem
        12/20/1999Sold$400,000$69/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$18,623 +2.7%$549,450 +16.4%
        2024$18,129 $471,960 +20%
        2023-- $393,300 -1.5%
        2022-- $399,150 -6.6%
        2021-- $427,500 -9.6%
        2020$14,364 +3.2%$472,950
        2019$13,913 $472,950 +357.9%
        2018-- $103,290 +8%
        2017$12,167 -1.3%$95,661
        2016$12,324 $95,661 +8%
        2015$12,324 +66.2%$88,587 +3.2%
        2014$7,414 $85,802
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Sheepshead Bay

        Getting around

        95 / 100
        Walker's Paradise
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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