1720-1728 Sheepshead Bay Road

Brooklyn, NY, 11235

$22,000,000

$500 per ft²
$22,000,000
$500 per ft²
Pending
Pending
 - For Sale
carpenters-square
44,000 ft²
property_type
Commercial
calendar
Built 1927
You don't want to miss this prime opportunity for a commercial property in an ideal location! Right off Exit 8 on the Belt Parkway, steps away from B/Q Sheepshead Bay train station, municipal parking lot adjacent to property, and bus stop directly in front of building. What's more? Property cannot be missed from the Belt Parkway, offering ideal marketing and promotional opportunities. Entrances to the property exist on both sides: the main entrance on Sheepshead Bay Road with access from the back on Shore Road. Originally built a movie theater, this property has a rich history to offer. Then used as the famous Roll-a-Palace roller rink, now to a series of different gyms and fitness centers. This property has been well-maintained throughout the years and is currently kept in prime condition, with the ground level having been completely re-done after Superstorm Sandy in 2012. Additionally, the ground level holds two restaurants and a hair salon on the east side of the building, totaling 8,000 square feet. West and SW sides of property on ground level hold 13,000 square feet used by fitness center. Upper-level fitness center (2nd floor 16,000 sqft, 3rd floor 6,500 sqft) delivered vacant with 3 stable tenants on ground level. Total fitness center = 36,000 sqft. Total property = 44,000 sqft. This is an investment that will reap returns for decades to come!
MLS® ID:
438419
Listed:
6/21/20
Updated:
5/18/22

Exterior/Building Features

Lot Size
0.49 acres lot
Roof
Pitched

Other Property Details

Area Name
Sheepshead Bay
Taxes
$225712
Tax Frequency
per YEAR
Attached Garage
No
View
N
County
Kings (Brooklyn)
Total Stories
3
Zoning
R4, C2-2

Property History

Date
Event
Price
Value
10/1/21
Pending
-
-
7/27/21
Price Change
$22,000,000
122%
6/8/21
Price Change
$18,000,000
112%
6/8/21
Price Change
$16,000,000
-11%

 

Courtesy of Brooklyn's 4 U Realty LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Richard Gontrand shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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