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!
Active
$2,100,000
627 Gravesend Neck Rd, Brooklyn, NY 11223
8beds
5,796sqft
Mixed Use
Built in 1930
-- sqft lot
$2,026,500 Zestimate®
$362/sqft
$-- HOA
What's special
- 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
| Date | Event | Price |
|---|---|---|
| 10/17/2026 | Listed for sale | $2,100,000+425%$362/sqft |
Source: | ||
| 12/20/1999 | Sold | $400,000$69/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






