1720 Sheepshead Bay Road Brooklyn, NY $ 16,500,000
1720 Sheepshead Bay Road
$ 16,500,000
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1720 Sheepshead Bay Road

Brooklyn, NY, 11235
$ 16,500,000
Baths0.0 Sq 37,363

Monthly Estimate*

$ 115,257

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Studio

Commercial Property for sale in Brooklyn, NY

for $16,500,000. This 37,363 square foot building was built in 1927 on a lot size of 0.472681.

Sold together with 1728 Sheepshead Bay Rd Prime opportunity for a commercial property in an ideal location! Right off Exit 8 on the Belt Parkway westbound, steps away from B/Q Sheepshead Bay train station, large municipal parking lot adjacent to property, bus stop directly in front of building. What more? Property cannot be missed from the Belt Parkway, offering ideal marketing and promotional opportunities. There are two entrances to the property: one on Sheepshead Bay Road and one on Shore Parkway North. The ground level holds 1 restaurant, 1 convenience store, and one hair salon on the east side of the building, totaling 8,000 square feet. West and SW sides of property on ground level hold 14,000 square feet used by a fitness center. Upper-level fitness center = 2nd floor 20,000 sqft, 3rd floor 6,500 sqft). Total fitness center = 40,500 sqft and can be delivered vacant. Total property = 48,500 sqft. This is an investment that will reap returns for decades to come!

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Commercial Active

Price

$ 16,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 248,661

Style

Commercial

Lot Size

0.472681

Year Built

1927

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

479744

Features
General
Equipment Included See remarks.
Ceiling Height 11-15 Foot 16-20 Foot
Roof Tile
current use Restaurant Sport & Entertainment
Zoning R4
Stories 3
Property Type Commercial
Block 8770
Yearly Taxes 248661.00
Transaction Type Sale
Financing 1031 Exchange Cash
Building Type Detached
Status Active
Construction Materials Block Brick
Cumulative Days on Market 92
MLS Area Sheepshead Bay
Sub Type Commercial
Year Built 1927
City Brooklyn
DOM 92
Coming Soon Sold together with 1728 Sheepshead Bay Rd Prime opportunity for a commercial property in an ideal location! Right off Exit 8 on the Belt Parkway westbound steps away from B/Q Sheepshead Bay train
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Interior
Walls Block
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Exterior
Foundation Poured Concrete
Parking Attrib None
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Brooklyn's 4 U Realty Llc

Broker

(718) 541-8265

Phone

Affordability Calculator

$135,979
Per Month
85%
15%
0%
Monthly Principal & Interest
$115,257
Monthly Property Taxes
$20,722
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/22/2024$16,500,000 -13.16% Price Down
2/17/2024$19,000,000 -5.00% Price Down
2/6/2024$20,000,000 Listed Price

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1720 Sheepshead Bay Road, Brooklyn, NY, 11235 is a Commercial Property for sale at $16,500,000 with 37,363 sqft and a lot size of 0.472681. 1720 Sheepshead Bay Road is a studio with 0.0 baths and was built in 1927. The property's zip code is 11235 which is in Brooklyn, NY