$2,100,000
Active
1 days on market
627 Gravesend Neck Rd
📍 Brooklyn, Brooklyn, NY 11223
10.0
Beds
5.0
Baths
5,796
Sqft
$362
Per sqft
1930
Year built
Co-op
Type
About this property
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
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Amenities & features
Key facts
Desirable location
1 storefront
2,099 sq ft lot
Property details
Property typeCo-op
Listing statusActive
Lot size2,099 sqft
Year built1930
Days on market1 days
MLS #505319
Estimated monthly payment
Listing price$2,100,000
Down payment (20%)$420,000
Loan amount$1,680,000
Principal & interest (7%, 30yr)$11,177/mo
Property tax (est.)$2,042/mo
Home insurance (est.)$875/mo
Estimated total$14,094/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.