156 Avenue U - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11223- Gravesend
$2,288,888 USD
646-407-6668
156 Avenue U, Brooklyn, NY for Sale
$2,288,888 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 6.01% Cap Rate

156 Avenue U
Brooklyn, NY 11223
Gravesend


HIGHLIGHTS

  • Private Garage
  • Corner Property
  • High Income

OVERVIEW

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, steps 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.

FOR SALE DETAILS

PRICE

$2,288,888 USD

PRICE/SF

$661 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,222 SF

ZONING

R5, Brooklyn, (K4)

APN/PARCEL ID

07119-0010

ASK ABOUT THIS PROPERTY

Shaojie LiangProBase Real EstateMore Info
646-407-6668

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Shaojie LiangProBase Real EstateMore Info
646-407-6668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.