240 Avenue U - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11223- Gravesend
$2,099,000 USD
917-939-3760
240 Avenue U, Brooklyn, NY for Sale
$2,099,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

NEW


240 Avenue U
Brooklyn, NY 11223
Gravesend


HIGHLIGHTS

  • Prime Gravesend Location
  • 2 Apartments (3BR & 1 BR, 1600 SF combined)
  • 1st Fl Commercial Space (1920 SF, Delivered Vacant)
  • Surrounded by Major Businesses

OVERVIEW

240 Avenue U presents a mixed-use building for sale in a highly active Brooklyn retail corridor. The property features a ground-floor commercial space delivered vacant (1920 SF), creating an excellent opportunity for an owner-user seeking immediate occupancy while benefiting from additional residential income. The second floor (1,600 SF) consists of a 3-bedroom apartment in the rear currently paying $2,348/month and a 1-bedroom apartment in the front paying $1,800/month, providing stable in-place cash flow.

FOR SALE DETAILS

PRICE

$2,099,000 USD

PRICE/SF

$596 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

R5, Brooklyn, S3

APN/PARCEL ID

07122-0015

ASK ABOUT THIS PROPERTY

Arsen AtbashyanCommercial Acquisitions IncMore Info
917-939-3760

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Arsen AtbashyanCommercial Acquisitions IncMore Info
917-939-3760

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