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156 Avenue U, Brooklyn, New York, 11223

$2,350,000

0

Beds

Bathrooms

3,465

Building Sqft

0.05

Acres

2,243

Lot Sqft

About 156 Avenue U

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.

Features of 156 Avenue U

MLS® #
488743
Acres
0.05
Type
Mixed Use
Price
$2,350,000
Square Footage
3,465
Year Built
1931
Sub-Type
Mixed Use

Community Information

Address
156 Avenue U
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11223

Listing Information

Agent Name
Shaojie (Jayden) Liang
Agent Office
ProBase Real Estate

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(718) 987-7900