156 Avenue U, Brooklyn, NY, 11223

Address

156 Avenue U, Brooklyn, NY

Listing Type

Mixed Use

Price

$ 2,288,888

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#504466
TypeMixed Use
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodGravesend
Zip11223
StyleMixed Use
Year Built1931
Taxes$ 18989
Price$ 2,288,888
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sqr Footage3465
Lot Size0.051492 Acres

Data Source:

Brooklyn MLS (BNYMLS)

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.

Price History
9/11/2026	Listed $2,288,888

General Features

Net Operating Income	137631.00
Roof	Flat
Zoning	R5
Electric	110 V,220 V
Stories Count	2
Property Type	Mixed Use
Block	7119
Cap Rate	0.06
Lot Number	10
Yearly Taxes	18989.00
Transaction Type	Sale
Insurance Expense	7500.00
Utility Expense	500.00
Gross Expense	36489.00
Financing	1031 Exchange,Bank Mortgage,Cash
Building Type	Semi-Detached
Gross Income	174120
Status	Active
Fuel Expense	6000.00
Construction Materials	Brick
Cumulative Days on Market	12
MLS Area	Gravesend
Sub Type	Mixed Use
Year Built	1931
City	Brooklyn
Borough	Brooklyn
Number Of Stores	4
DOM	12
Sale Type	Arm's Length
# Families	2
Public Remarks	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. 7t

Interior Features

Heating Fuel	Gas
Flooring	Hardwood,Laminate,Tile
Hot Water	Hot Water Coil in Boiler
Unit Count	6
Sq Ft Total	3465
Lavatories	None
Basement Amenities	Full,Semi-Finished,Separate Entrance
Commercial Features Exterior	None
Commercial Features Interior	None

Exterior Features

Exterior	Brick
Yard	None
Foundation	Poured Concrete
Lot Sq Ft	2243
Loading Docks	None
Building Length	105.00
Building Width	20.00
Property Panorama YN	Yes
Lot Size Length	115
Lot Size Width	20
Parking Attrib	3 Spaces,Attached Garage