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Four store, two family mixed use on Avenue U

156 Avenue U, Brooklyn, NY 11223

For Sale

$2,350,000

Property Description

Welcome to this beautiful Mix-Use Corner Building with 4 stores and 2 apartments, in highly desirable Gravesend. This RARE INVESTMENT property produces $150,000 yearly rental income, $112,550 net income, OVER 5% CAP (projected 6%). It is a 10%+ annual gain including appreciation. VERY busy corner – Right next to N train station and B3 Bus Stop. CASH or 1031 buyer preferred. The building is 20× 105(residential 1365 sqft; commercial 2100 sqft) on a lot 20× 115. First floor – 4 Stores: Deli store, Barber Shop, Med Supply, Tea Shop, and Two Car Garage. Second floor: 2 two-bedroom apartments. Store basement: Full semi-finished. Built in 1931; Zoned R5. Property tax $20,543. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops and much more.

Contact Agent

Shaojie (Jayden) Liang

646-407-6668

Property Details

Property Type

Mixed Use

Bedrooms

4

Bathrooms

2

Building Size

20 x 105

Lot Size

20 x 115

Year Built

1931

Property Location

156 Avenue U, Brooklyn, NY 11223

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