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Sasha Vasquez
  • Sales Agent
Douglas Elliman
Agent Photo
Sasha Vasquez
Douglas Elliman
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    BrooklynGravesend2227 83rd Street

    2227 83rd Street
    Gravesend, Brooklyn, NY 11214

    $5,500,000
    New Listing For Sale
     Get directions
     
    Tools
    Open House
    Size
    19
    Full Baths
    18,480 Sq Ft.
    Interior
    .14 Acres
    Exterior
    Financial
    $5,500,000
    Change Currency
    $5,369
    Monthly taxes
    $64,428
    Annual taxes
    Details
    Single Family Home
    Property Type
    1931
    Year Built
    14797977
    Web Id
    143
    Days Posted

    Description

    2227 83rd Street, Gravesend, Brooklyn, NY 11214

    A Prime Investment Opportunity in Bensonhurst Oversized 19-Family Building. Located in the heart of Bensonhurst, one of Brooklyns most sought-after neighborhoods, this fully detached 19-family building is a rare find. Situated on an oversized 60 x 100 lot with a 60 x 77 building size, this property offers exceptional space and income potential. The unit mix includes 14 spacious one-bedroom apartments and 5 well-designed two-bedroom apartments. This well-maintained building features an 8-year-old roof, a new heating and hot water boiler, and 19 gas meters that are separately metered for tenants convenience. The basement storage generates an additional $3,000 per month in income. A recently installed backflow prevention water clock system, valued at $22,000, ensures smooth operation and complies with all inspections. Additionally, 15 kitchens have been newly renovated with modern interiors, while 4 other units remain in excellent condition. The building also offers full camera surveillance for added security, making it a turnkey, hassle-free investment. Located in an excellent Bensonhurst neighborhood, the property is situated near the Belt Parkway and the D Train subway line, offering easy access to transportation. It is also just a short distance from 86th Street shopping, where numerous shops, restaurants, and amenities await. Financially, the property boasts an impressive annual income of $394,500 against annual expenses of $119,328, providing a solid 5.5% cap rate. The seller is offering owner financing with 50% down at a competitive 5% interest rate and a 10-year balloon payment, presenting a unique opportunity to secure a high-income property with flexible terms. Whether youre planning for long-term investment growth or seeking a high-performing asset, this building is a smart and strategic choice.

    This is an Active listing.

    Broker Office Phone Number: 718-612-3088

    Copyright © 2025Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Amenities

    • Refrigerator
    • Tile Flooring
    • Steam Heat
    • Rubber Roof
    Price History View all +
    Date PriceVarianceType
    4/22/2025$5,500,000-Listed
    Listing By: Remax Edge via Data Source: Brooklyn New York Multiple Listing Service


    Located at 2227 83rd Street, Brooklyn, New York 11214, Gravesend neighborhood, this Single Family Home is for Sale with a price of $5,500,000 USD. The property was built in 1931, has 19 full baths. This listing has 18,480 Sq.Ft. of interior space on a lot of .14 Acres. See all Homes for Sale in Gravesend.
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    Remax Edge

    Sasha Vasquez
    • Sales Agent
    1717 W. 6th Street, Suite 190
    Listing by: Remax Edge
    Contact Agent
    Staging Information:
    a9699e7ae-3b50-4b17-a909-8eaf217ecb9b