203 Avenue U - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11223- Gravesend
$2,950,000 USD
646-239-5999
203 Avenue U, Brooklyn, NY for Sale
$2,950,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | 6% Cap Rate

203 Avenue U
Brooklyn, NY 11223
Gravesend


OVERVIEW

Great investment opportunity with immediate rental income. The corner retail space is currently vacant, offering an excellent opportunity for an owner-user to establish their own business or lease it for additional income. Don't miss this exceptional mixed-use property located on bustling Avenue U in the heart of Gravesend, Brooklyn. This well-maintained building sits on a 20×100 lot with a full 20×100 building footprint and features 2 ground-floor commercial units plus 6 residential apartments. The residential portion consists of 9 total bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), offering immediate rental flexibility, while the remaining four units are rent-stabilized, providing stable, reliable income with long-term upside potential. One of the corner commercial spaces is currently vacant, presenting an excellent opportunity for an owner-user to establish their business in a highly visible location or for an investor to lease the space at market rent and maximize the property's income potential. Based on full occupancy, the property offers a projected annual net operating income of approximately $176,877, representing an attractive approximately 6% projected cap rate. Ideally situated along the vibrant Avenue U commercial corridor, the property benefits from outstanding visibility, heavy foot traffic, and close proximity to shopping, restaurants, schools, and public transportation. Whether you're looking to occupy the corner retail space, expand your investment portfolio, or acquire a high-performing mixed-use asset with value-add potential, this is a rare opportunity in one of Brooklyn's most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R5

APN/PARCEL ID

07100-0039

ASK ABOUT THIS PROPERTY

Tyler ChenTiger RealtyMore Info
646-239-5999

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Tyler ChenTiger RealtyMore Info
646-239-5999

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