--- title: "174 Avenue South, New York City, NY 11223" description: "174 Avenue South, New York City, NY 11223 — Multi Family Home in Gravesend, Brooklyn, NY. Listing Price $1,495,000. 3 bed, 9 bath, 3,907 sqft Illustrative Buyer Commission Share of $22,425 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11223/174-avenue-south-ny-11223" source: "Real Estate Rebate Team" status: "Active" --- # 174 Avenue South, New York City, NY 11223 Multi Family Home in Gravesend, Brooklyn, NY Courtesy of Modern Spaces ## At a Glance - **Listing Price**: $1,495,000 - **Beds**: 3 - **Total Baths**: 9 - **Sqft**: 3,907 - **Monthly Taxes**: $1,217 / mo - **Price per Sqft**: $383 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,495,000 - **Illustrative Buyer Commission Share**: -$22,425* - **Illustrative Net Cost**: $1,472,575 *Illustrative Buyer Savings of $22,425 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![174 Avenue South, New York City, NY 11223 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/716d24d2-eff6-4862-8718-1aeb64cf5240.jpg) ![174 Avenue South, New York City, NY 11223 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e817384d-918c-4aa8-ae32-4b86109beb61.jpg) ![174 Avenue South, New York City, NY 11223 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/151f4202-91f7-420e-b3bd-e61d11613685.jpg) ![174 Avenue South, New York City, NY 11223 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/728e9770-f72b-43fe-8bf9-beeddcd710e0.jpg) ![174 Avenue South, New York City, NY 11223 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/844c9ffd-a253-4d09-a79f-4eb656d5875a.jpg) ![174 Avenue South, New York City, NY 11223 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4abf1e74-846d-45dd-86b6-b70b2910d3c5.jpg) ![174 Avenue South, New York City, NY 11223 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/beebefd3-f027-47a0-9386-409e097b5e92.jpg) ![174 Avenue South, New York City, NY 11223 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8bbf678f-d82c-4454-87a9-a3901b410569.jpg) ![174 Avenue South, New York City, NY 11223 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9203a3bd-84bd-4da9-906d-9e1cd220bf64.jpg) ![174 Avenue South, New York City, NY 11223 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/24733625-3190-4c79-995a-d39f88402c24.jpg) ## Property Overview All Showings and Open Houses Are By Appointment Only. Please Email to Schedule. Turn-Key Mixed-Use Investment or Owner-User Opportunity in Prime Gravesend Welcome to 174 Avenue S, a masterfully updated mixed-use property situated in the heart of Gravesend, Brooklyn. Offering the perfect blend of commercial visibility and residential luxury, this property is a rare find for savvy investors or business owners looking to offset their overhead with premium rental income. Recently undergoing an extensive gut renovation? and extension, the building features 3,907 sqft of versatile interior space, approximately 1,514 sqft on the ground floor, 1,185 sqft on the second floor, and a deepened cellar level of approx 1,208 sqft, in addition there are two outdoor spaces - a rear yard and a roof terrace. With all major mechanical, electrical, and plumbing systems modernized to contemporary standards, the property stands as a turn-key asset designed for minimal maintenance and long-term efficiency. The street level offers a premier commercial storefront, benefiting from high-visibility foot and vehicle traffic along the Avenue S corridor. Masterfully configured for professional use, the layout includes a sleek reception, an expansive open floor plan, and dual private offices featuring glass partitions. This versatile space is further enhanced by soaring ceilings, ADA-compliant facilities, and modern climate control, ensuring it is ready for immediate retail or professional occupation. With seamless access to a private backyard and a fully integrated cellar - which also enjoys a dedicated street entrance - this level provides exceptional functional flexibility. Perched above the professional suite, the residential levels showcase two masterfully finished units. Each residence is defined by premium craftsmanship, featuring contemporary kitchens equipped with stainless steel appliances, vented hoods, and gas cooking, all harmonizing with polished hardwood floors throughout. The front layout offers an efficiently designed two-bedroom, one-bathroom configuration, while the rear residence serves as a sophisticated retreat, offering a unique one-bedroom, two-bathroom floor plan further elevated by a light-filled skylight and access to a generous private recreation terrace. A standout feature of this property is the generous outdoor space, including a private backyard and a roof recreation terraced. Additionally, the property offers exclusive roof rights and potential unused FAR (Floor Area Ratio) of 1300 sqft unused FAR, providing massive upside for future expansion or customization. SUMMARY Block/Lot 7082/3 R5B / C2-3 /S2 Lot 2,000 SF (20’x100') Building 3,907.61 SF Gross Unused FAR 1,300 SF Gut renovated in 2017 (Plumbing, Electrical, Hvac, Roof, Floor joist were all upgraded and basement was deepened to increase ceiling height) CO for 1 commercial unit and 2 residential units First floor 1,514.09 SF / currently office use / ADA bathroom / powder room / back yard Second floor 1,185.19 SF / two dwellings / Front unit 2 beds 1 bath / Rear unit 1 bed 2 baths with roof terrace Full cellar level / one powder room / separate exit to street level 2026/27 annual taxes $14,602 Deliver vacant N Train 0.2 mile / F Train 0.4 mile Conveniently located just blocks from the N train and within close proximity to the F train, and surrounded by the thriving retail and dining corridors of Gravesend, this location offers unparalleled convenience for both commercial tenants and residential occupants. The property will be delivered vacant. Don’t miss out on this prime Brooklyn asset. Contact us today to schedule a private tour! ## Property Details - **Property Type**: Multi Family - **Beds**: 3 - **Total Baths**: 9 - **Rooms**: 3 - **Sqft**: 3,907 sqft - **Stories**: 2 - **Year Built**: 1931 - **Price per Sqft**: $383 - **Monthly Taxes**: $1,217 / mo - **Listed On**: Jun 4, 2026 - **Days on Market**: 109 Days ### Residence Features - See Remarks - Building Roof Deck - Private Outdoor Space Under 60 Sqft ## Estimated Monthly Payment **$8,776 / month**, assuming a 20% down payment ($299,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,560 - **Property Taxes**: $1,217 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Property Tax History Taxes at 174 Avenue South were $14,781 in 2026, up 5.9% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $91,860 | $11,760 | $80,100 | $73,592 | $14,781 | 20.085% (estimated) | | 2025 (FY 2025/26) | $89,580 | $11,760 | $77,820 | $69,483 | $13,956 | 20.085% (estimated) | | 2024 (FY 2024/25) | $90,900 | $11,760 | $79,140 | $65,550 | $13,166 | 20.085% | | 2023 (FY 2023/24) | $104,580 | $11,760 | $92,820 | $61,840 | $12,421 | 20.085% | | 2022 (FY 2022/23) | $96,420 | $11,760 | $84,660 | $61,495 | $12,489 | 20.309% | | 2021 (FY 2021/22) | $85,260 | $11,760 | $73,500 | $61,327 | $12,243 | 19.963% | | 2020 (FY 2020/21) | $85,740 | $11,760 | $73,980 | $59,606 | $12,544 | 21.045% | | 2019 (FY 2019/20) | $74,580 | $11,760 | $62,820 | $58,230 | $12,326 | 21.167% | | 2018 (FY 2018/19) | $25,776 | — | — | $25,776 | $5,392 | 20.919% | | 2017 (FY 2017/18) | $25,488 | — | — | $25,488 | $5,196 | 20.385% | | 2016 (FY 2016/17) | $25,348 | — | — | $25,348 | $5,067 | 19.991% | | 2015 (FY 2015/16) | $23,914 | — | — | $23,914 | $4,676 | 19.554% | | 2014 (FY 2014/15) | $22,768 | — | — | $22,768 | $4,362 | 19.157% | | 2013 (FY 2013/14) | $21,480 | — | — | $21,480 | $4,122 | 19.191% | | 2012 (FY 2012/13) | $21,240 | — | — | $21,240 | $3,944 | 18.569% | | 2011 (FY 2011/12) | $21,124 | — | — | $21,124 | $3,846 | 18.205% | | 2010 (FY 2010/11) | $19,929 | — | — | $19,929 | $3,460 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3070820003. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 174 Avenue South 174 Avenue South, Brooklyn, NY 11223 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1931 - **Active Units**: 1 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/174-avenue-south) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11223/174-avenue-south-ny-11223) | 3 | 6 | 3,907 sqft | $383 | $1,495,000 | Modern Spaces | Jun 4, 2026 | 108 days | ## Gravesend Overview of Gravesend [Explore Gravesend](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gravesend) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Gravesend - [Brighton Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brighton-beach) - [Coney Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/coney-island) - [Bensonhurst real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bensonhurst) - [Bath Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bath-beach) - [Sheepshead Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/sheepshead-bay) - [Sea Gate real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/sea-gate) ## Related Links - [174 Avenue South — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/174-avenue-south) - [Gravesend neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gravesend) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.