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$ 2,288,888
Est. payment /mo
New
156 Avenue U Brooklyn, NY 11223
3,465 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,465 sqft
Price per Sqft $660
MLS Listing ID 504466
Year Built 1931
Annual Tax Amount $18,989
Property Sub-Type Mixed Use
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.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Zoning R5
Rooms
Basement Full, Semi-Finished, Separate Entrance
Interior
Interior Features None
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood, Laminate, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by ProBase Real Estate
