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$1,099,999 Just Listed
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Property Description
A rare chance to own a fully operational, income-producing mixed-use building in the heart of Brooklyn. This well-maintained property delivers the ideal blend of immediate cash flow and long-term upside. The ground floor is anchored by an established restaurant space, perfectly positioned for high visibility and steady foot traffic. Above, a spacious two-bedroom apartment and a bright studio offer desirable layouts filled with natural light, both primed for strong, consistent rental income in a market where demand remains high. Set on a vibrant, high-traffic block surrounded by thriving local businesses, popular dining spots, and everyday conveniences, this location works for you. With subway and bus lines just steps away, accessibility is unmatched. Opportunities with solid income, multiple revenue streams, and a prime Brooklyn location rarely come to market. Whether you're expanding your portfolio or looking to occupy while generating rental income, this is a strategic acquisition in one of Brooklyn's most established and enduring neighborhoods.
Full Property Details
Full Property Details for 1638 Eastern Pkwy
General
- Price: $1,099,999
- Taxes: $2,387
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 960822
- Updated: 2/11/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Mixed
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: Multi Units
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Storage Space, Unfinished, Walk-Out Access
- Stories/Levels: 2
- Stories in Building: 2
- Building Size: 2260
- Square Feet: 2,260
- Year Built: 1921
Lot Features
- Lot Size (Acres): 0.0434
- Lot Size (Sq. Ft.): 1,890
- Zoning: C8-2
Financial Considerations
- Tax Amount: $2,387.8
Disclosures and Reports
- Special Conditions: None
- Property ID: 01465-0008
Listed by Compass Greater NY, LLC
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Schools
Schools serving 1638 Eastern Pkwy
School District:New York City Geographic School District 23
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1638 Eastern Pkwy
Date
Details
Price
Change
Source
2/11/2026
Listed
$1,099,999
76%
MLS
12/21/2017
Sold
$625,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1638 Eastern Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,447
6%
$12,182
-74%
2024
$2,310
6%
$46,380
-18%
2023
$2,180
5%
$56,880
8%
2022
$2,080
-52%
$52,440
16%
2021
$4,311
101%
$45,180
27%
2020
$2,149
6%
$35,700
15%
2019
$2,028
17%
$31,020
243%
2017
$1,740
—
$9,045
6%
2017
$1,740
2%
$8,536
—
2016
$1,706
3%
$8,536
1%
2015
$1,654
8%
$8,460
6%
2015
$1,530
18%
$7,986
6%
2013
$1,295
—
$7,538
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1638 Eastern Pkwy
1638 Eastern Parkway, Brooklyn, NY 11233 (MLS# 960822) is a Commercial property. 1638 Eastern Parkway is currently listed for $1,099,999 and was received on February 11, 2026. Want to learn more about 1638 Eastern Parkway? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

