156 Avenue U Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11223
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 $678
MLS Listing ID 488743
Year Built 1931
Annual Tax Amount $20,543
Property Sub-Type Mixed Use
Property Description
Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces OVER $150,000 yearly rental income:
*OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%)*
*10%+ annual gain with appreciation*
VERY busy corner – Right next to N train station and B3 Bus Stop. The building is 20× 105(residential 1365 sqft; commercial 2100 sqft) on a lot 20× 115. First floor – 4 Stores: Deli store, Barber Shop, Flower Shop, Tea Shop, and Two Car Garage. Second floor: 2 two-bedroom apartments. Store basement: Full semi-finished. Built in 1931; Zoned R5. Property tax $20,543.
2025 UPGRADES: *tested LEAD-FREE!* *New store floor and subfloor* *Brick Pointing* *ROOF waterproofed & Flashing* *Apartments painted*
This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Zoning R5
Rooms
Basement Full,Semi-Finished,Separate Entrance
Interior
Interior Features Other
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