Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,250,000

· Closed December 18, 2024

432 KINGS Highway
Closed For Sale Mixed Use

$1,250,000

432 KINGS Highway

Gravesend, Brooklyn

MLS® #RLS10977575

RLS at REBNY

Listing by Corcoran Group

3

Bedrooms

2

Baths

N/A

Sq. Ft.

1931

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Lot Size 1,625 sq ft
Year Built 1931
Ownership None
Property Taxes $6,540/yr
Neighborhood Gravesend
Floor 1 of 2

Property Highlights

  • Views: Other
  • Character: Pre-war building (1931)

Property Details

Type Mixed Use
Ownership None
Total Rooms 8
Baths 2 Full
Floor 1 of 2
View Other
Pets Yes
Year Built 1931
Structure Type MixedUse
Basement Other
Lot Size 1,625 sq ft
Parcel # 06678-0119
Block/Lot 06678/0119

Listing History

Event Date Price Change
Listed Jul 24, 2023 $1,300,000 -
Currently May 29, 2026 $1,250,000 -3.8%

Description

Welcome to this charming brick, mixed-use home nestled in the heart of Gravesend, Brooklyn. This exceptional property offers an exciting blend of convenience and versatility, combining a delightful Deli on the ground floor with two stylish residential apartments on the upper levels, making it a perfect investment opportunity or a dream home for the discerning buyer.

The Deli, occupying the ground level, greets you with its inviting storefront and promises a bustling hub of activity. Whether you're a seasoned entrepreneur or an aspiring restaurateur, this space provides an excellent chance to establish your business and cater to the diverse community of Gravesend. With its prime location, foot traffic, and potential loyal customer base, the Deli is sure to become a popular destination for locals seeking delicious food and convenience.

Ascending to the upper floors, you'll find two thoughtfully designed, free-market residential apartments, both meticulously crafted to offer modern comforts and aesthetic appeal. The first apartment, a one-bedroom unit, boasts an open and airy layout, creating a welcoming ambiance as soon as you step inside. Large windows bathe the interior in natural light, highlighting the elegant finishes and contemporary design. The apartment features a well-appointed kitchen, a cozy living area, a spacious bedroom, and a chic bathroom, ensuring comfortable living for its occupants

.On the same floor, the second apartment, a two-bedroom unit, offers even more space for those seeking a larger home or additional rental income. The two-bedroom apartment is an ideal blend of style and functionality. With generous living areas, a gourmet kitchen equipped with modern appliances, two well-proportioned bedrooms, and a luxurious bathroom, this apartment exudes comfort and sophistication.

Both apartments have been designed with privacy and convenience in mind, ensuring a serene living experience for their residents. Additionally, being free-market units, they offer greater flexibility and potential for higher rental returns, appealing to tenants seeking a premium living space in this desirable location.

Beyond the property's attractive features, Gravesend itself adds to the allure. This vibrant neighborhood is celebrated for its rich cultural diversity, excellent schools, local parks, and a wide array of dining and shopping options. Commuting is a breeze with access to various public transportation options and major roadways, allowing residents to explore all that Brooklyn and New York City have to offer.

In conclusion, this brick, mixed-use two-family home in Gravesend Brooklyn presents an unparalleled opportunity for investment or homeownership. The combination of a thriving Deli and two free-market apartments ensures a truly dynamic and prosperous lifestyle for its occupants. Whether you are an astute investor or a prospective homeowner, this property invites you to be a part of the vibrant community and experience the best of Brooklyn living.

Features & Amenities

Interior Features

Smoke Free In Unit

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 2
Structure MixedUse

Financial Details

RE Taxes $6,540/yr ($545/mo)
Original Price $1,300,000
Sale Price $1,250,000
Previous Price $1,300,000

Gravesend offers a broad housing mix including semi-detached single-family homes, postwar co-op towers, and newly constructed boutique condominiums spread across a grid of low-traffic residential streets in southern Brooklyn. The D, F, and N subway lines serve the neighborhood at multiple stations along Kings Highway and Avenue U, connecting to Midtown Manhattan in about 45 minutes. Calvert Vaux Park provides 73 acres of green space and waterfront access along Coney Island Creek.

Gravesend Live Market Data

View Neighborhood

Active Listings

9

Median Asking Price

$459K

Median $/Sqft

$510

Avg Days on Market

N/A

New This Week

1

Price Reduced

33%

Sold (30 Days)

0

Median Sale Price

$381K

Live data from RLS at REBNY • Updated 5/29/26, 12:00 PM EST

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Location

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432 KINGS Highway, Gravesend, Kings County

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
2
Floors
2
Residential Units
R7A
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $113,040
Land Value: $17,040
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,615 SF
Building Area: 2,480 SF
Built FAR: 1.54
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $6,540, or roughly $545 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms.

According to MLS records, the building was constructed in 1931, making it approximately 95 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10977575
First Listed: 2/21/2024
On Market: 7/24/2023
Price Changed: 12/19/2024
Closed: 12/18/2024
Contract Date: 7/31/2023

Listing Courtesy of Corcoran Group - Andrew Feldman

Listing Contact: (917) 226-0665

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/29/2026 at 4:00 PM UTC

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