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New York Brooklyn 11229 Gerritsen Beach
48 Gotham Avenue
Photo of 48 Gotham Avenue
Sold on Jun 29, 2026

38

Map

Photo of 48 Gotham Avenue
Photo of 48 Gotham Avenue
$800,000
● House - Off Market

48 Gotham Avenue

New York, NY 11229
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,150 Ft²
$4,519
Est. Monthly

About This Property

Immaculate! Welcome to 48 Gotham Ave - Newly Renovated and Sitting on the Waterfront in Prime Gerritsen Beach, Brooklyn. This Home Features 3 Bedrooms, 2 Bathrooms, and A Fully Finished Basement with a 14' x 47' Building Size and a 24' by 70' Lot Size. Fully Gut Renovated in 2017 and has been Meticulously Maintained and Updated Over the Last 8 Years. Brand New 'Weardeck' Marine Grade Deck with 2 Boat Slips. In BROOKLYN we call this a MINT Condition Home! Boasting an Abundance of Natural Light Exposures Throughout, the Open Concept Living Room Flows Perfectly into Your Modern Kitchen. Enjoy Your Coffee in the Dining Room as You Watch the Sun Rise Over the Bay. Fugghedaboutit. Move Right In. This Home Awaits it's New Owner Today!
Unit Size
1,150 Ft²
Days on Market
228 days
Land Size
0.04 acres
Price per sqft
$729
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (OneKey MLS #KEY935536)

Price History

Date / Event Date Event Price
Jun 29, 2026 Sold
Premium
Sold
Mar 18, 2026 In contract -
In contract
Jan 20, 2026 Price Decreased $838,000
↓ $10K (1.2%)
Price Decreased
Nov 13, 2025 Listed by Mottola Real Estate LLC $848,000
Listed by Mottola Real Estate LLC
Apr 12, 2017 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Building Count: 1
  • Floor Count: 2
  • Total Unit Count: 1
  • Residential Unit Count: 1
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 1,680
  • Lot Size Depth Feet: 70
  • Lot Size Frontage Feet: 24
  • Building Depth: 34
  • Building Frontage: 14
  • Gross Building Area: 952

    Building Floor Area

  • Residential Building Floor Area: 952

    Floor Area Ratio

  • Built Floor Area Ratio: 1
  • Residential Floor Area Ratio: 1
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: A1
  • Lot Type: 2
  • Land Use: 01
  • Irregular Lot Code: N
  • Proximity Code: 1
  • Extension Code: E

Neighborhood

  • Community District: 315
  • City Council District: 46
  • Police Precinct: 61
  • Fire Company: E321
  • Health Area: 8900
  • Sanitation District Borough: 3
  • Sanitation Subsection: 4D
  • School District: 22

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R4-1
  • Special Purpose District 1: CR-4

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 8883
  • Lot: 958
  • Borough Block Lot: 3088830958

    Address

  • Full Address: 48 Gotham Avenue
  • Zip Code: 11229

Valuation

    Assessments Valuation

  • Assessed Total Value: $28,920
  • Assessed Land Value: $7,320

    Exemptions

  • Exempt Total Value: $0
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southern Brooklyn

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$559

Below Asking

0.02%

Average Days on Market

122

Average Home Size

1223 ft²

Average Home Age

66.2 years

Currently For Sale

185 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2112 Avenue P, Brooklyn, NY 11229

$3,200 /mo

  • 2 Beds
  • 2 Baths
2112 Avenue P #305, Brooklyn, NY 11229 Listing by Yosef (Joe)
Unit for rent at 2733 East 12th Street, BROOKLYN, NY, 11235

$4,050 /mo

  • 2 Beds
  • 2 Baths
2733 East 12th Street #3F, BROOKLYN, NY, 11235 Listing by Jonny Borochov
Unit for rent at 150 Brighton 15th Street, BROOKLYN, NY, 11235

$1,917 /mo

  • Studio
  • 1 Bath
150 Brighton 15th Street #2G, BROOKLYN, NY, 11235 Listing by Natalia Gumerova

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 48 Gotham Avenue built and last sold?
The property at 48 Gotham Avenue was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 48 Gotham Avenue is $839,183.
What are some comparable homes to 48 Gotham Avenue?
There are currently no comparable homes to 48 Gotham Avenue.
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