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 OVER $150,000 yearly rental income, $112,550 net income, and 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. 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.

Features
: Flat
Address Map
11223
Avenue U
156
0
W74° 1' 17''
N40° 35' 46.5''
MLS Addon
: Mixed Use
0
28
: Hardwood, Tile, Laminate
: Attached Garage, Built-in Garage, 3 Spaces
: Other
: Other
119850
ProBase Real Estate
Shaojie (Jayden) Liang
sl6230
$0
$0
: Full, Semi-finished, Separate Entrance
: Brick
: Active
$20,543

Mixed Use For Sale

156 Avenue U, Brooklyn, New York 11223

3,465 Sqft
$2,350,000
Listing ID #488743
Basic Details
Property Type : Mixed Use
Listing Type : For Sale
Listing ID : 488743
Price : $2,350,000
Square Footage : 3,465 Sqft
Year Built : 1931
Lot Area : 2,243 Sqft
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