1637 Sheepshead Bay Rd, Brooklyn, NY, 11235
About This Home
Premier Mixed-Use Investment Opportunity in Sheepshead Bay Discover unparalleled potential at 1637 Sheepshead Bay Road, a versatile mixed-use property situated in one of Brooklyn's most vibrant and high-traffic neighborhoods. This expansive property offers incredible income-generating opportunities and untapped redevelopment potential, making it perfect for investors, developers, and visionaries alike. Property Details: • Lot Size: 50 ft x 177 ft | Zoning: C4-2 • Building Size: 13,149 SF • Ground Floor & Lower Level: Commercial Unit (Owner-occupied by Monica's Bridal, can be delivered vacant) • Second Floor: 4 Residential Units (Three 2-bedroom apartments and one 1-bedroom apartment) • Offering Price: $7,495,000 Highlights: • Development Opportunity: With additional FAR available, bring your architect to explore redevelopment options and unlock the full potential of this property. • Prime Commercial Space: The ground floor, currently home to the renowned Monica's Bridal, is ideal for a new commercial tenant or a complete reimagining of the space. • Location, Location, Location: Situated on bustling Sheepshead Bay Road, this property boasts 50 ft of frontage and is surrounded by major retailers like Chase Bank, Starbucks, CVS, and Stop & Shop. Neighborhood Features: • High-traffic area with easy access to public transportation, including the N, B subway lines and multiple bus routes. • Close proximity to shopping, dining, and amenities in a thriving Brooklyn community. Financial Overview: • Total Annual Income (Apartments + prospective NNN Lease): $560,550 • Annual Operating Expenses: • Insurance: $13,000 • Water: $1,500 • Sprinkler/Fire Alarm: $2,000 • Real Estate Taxes: $88,589 • Total Expenses: $105,089 • Net Operating Income (NOI): $445,461 CAP Rate: 6% Whether you're looking to capitalize on steady income, secure a high-demand commercial location, or embark on a redevelopment project, 1637 Sheepshead Bay Road offers the flexibility and potential to meet your goals. The development possibilities, combined with its prime location and stable income, make it a rare and attractive investment. Contact us today to explore this unique opportunity!
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Other
Interior
Basement
- Basement: No
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Interior Area
- Total structure area: 13,150
- Total interior livable area: 13,150 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Coastal Flooding
- Cold Wave
- Earthquake
- Hurricane
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $37,898 | $454,776 |
| Home Insurance * | $2,882 | $34,584 |
| Property Taxes | $3,497 | $41,964 |
| Electricity | $2,173 | $26,077 |
| Total | $46,450 | $557,400 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2024-12-02 | Listed for sale | $7,495,000 |
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