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156 Avenue U

BROOKLYN, NY 11223
  • $2,250,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 482405
UPDATED: 143 min ago
$2,250,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,465
    SQFT
  • $649
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1931
Area:

School Ratings & Info

Description

Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a car garage, in highly desirable Gravesend. This RARE INVESTMENT property produces over $110,000 net income, 5% CAP (projected 6%), and 10%+ annual gain including appreciation. VERY busy corner: N train minutes away and F train minutes away. CASH or 1031 buyer preferred. The building is approx. 20x 70(residential 1365 sqft; commercial 2100 sqft) on a lot approx. 20x 115. First floor - 4 Stores: Deli, Barber, Med Supply & Retail Tea, plus 15 Garage. Second floor: 2 two-bedroom apartments. Store basement: semi-finished. Built in 1931; Zoned R5. Property tax: $20,700. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops and much more.

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© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2024-07-12T08:00:20.233.
www.movetonewjersey.com/homes/151006144
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156 Avenue U BROOKLYN, NY 11223

  • Price: $2,250,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 143 min ago
  • MLS #: 482405
0
Beds
0
Baths
0
½ Baths
0.05
Acres
3,465
SQFT
$649
$/SQFT
1931
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Gravesend
Property Description
Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a car garage, in highly desirable Gravesend. This RARE INVESTMENT property produces over $110,000 net income, 5% CAP (projected 6%), and 10%+ annual gain including appreciation. VERY busy corner: N train minutes away and F train minutes away. CASH or 1031 buyer preferred. The building is approx. 20x 70(residential 1365 sqft; commercial 2100 sqft) on a lot approx. 20x 115. First floor - 4 Stores: Deli, Barber, Med Supply & Retail Tea, plus 15 Garage. Second floor: 2 two-bedroom apartments. Store basement: semi-finished. Built in 1931; Zoned R5. Property tax: $20,700. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops and much more.
Exterior Features

Building Length 100.00 Building Width 20.00 Commercial Features Exterior Other Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 115 Lot Size Width 20 Parking Attributes 2 SpacesAttached Garage Parking Feature Private Drive Roof Flat Water Front Present No Yard None

Interior Features

Basement Amenities FullSemi-FinishedSeparate Entrance Building Footprint Sq Ft 2000 Commercial Features Interior Other Flooring CarpetingHardwoodTile Foundation Details Poured Concrete Heat Delivery Steam/Radiator Lavatories None

Property Features

ACUnits 0 Block 7119 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name West 8th St Cross Street Name2 West 7th St Electric 110 V220 V Financing 1031 ExchangeBank MortgageCash Gross Income 146000 Handicap Access No Heating Fuel Gas Hot Water Hot Water Coil in Boiler Lot Number 10 Lot Size Irregular YN 0 Net Operating Income 110000.00 Number Of Families 2 Number Of Stores 4 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Arm's Length Tax Amount 20667.00 Transaction Type Sale Zoning R5

Listing information © 2024 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of ProBase Real Estate: (718) 210-2727.


© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2024-07-12T08:00:20.233.
 
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