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Four store two family mixed use in Avenue U

156 Avenue U, Brooklyn, NY 11223, USA

For Sale

$2,288,888

Property Description

Rare HIGH PROFIT Mixed-Use Investment in Prime Gravesend! This well-maintained corner property features 4 retail stores, 2 two-bedroom apartments, and a private garage, at the VERY BUSY Avenue U & W. 7th St. intersection. The property generates $174,120 in annual gross income with a net profit of $138,000, producing an amazing 6% CAP rate at the asking price. The building measures approximately 20' x 105' on a 20' x 115' lot, with approximately 3,465 SF, plus a Full Basement. Excellent corner exposure, HIGH TENANT DEMAND, nearby from the Avenue U N train station and B3 bus, surrounded by established businesses, restaurants, supermarkets and neighborhood amenities. Strong income with additional rental upside makes this an excellent opportunity for investors, or for a store operator looking for a great location.

Listing Agent

Shaojie (Jayden) Liang

646-407-6668

Property Type

Mixed Use

Building Size

20 x 100

Bedrooms

2

Lot Size

20 x 115

Bathrooms

4

Year Built

1931

Property Location

156 Avenue U, Brooklyn, NY 11223, USA

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