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  • 171 Avenue U
  • $ 2,650,000
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223

171 Avenue U

Gravesend   |   West 6th St & West 7th St

Building For Sale
$ 2,650,000
Ownership Mixed Use
Lot Size 20'x80'
Status Active
Real Estate Taxes [Per Annum] $ 7,676
Building Size 20'x50'
Year Built 1931
ASF/ASM 3,000/279
 

Photos

171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
171 Avenue U Gravesend Brooklyn NY 11223

Property Description

Prime Investment & Owner-User Opportunity in the Heart of Brooklyn’s Gravesend. Come into a rare opportunity with this pristine mixed-use building, an ideal fit for both owner-users and savvy investors. Nestled in the vibrant core of Gravesend in Brooklyn, this property seamlessly combines residential comfort with prime commercial potential, making it a standout in one of New York’s most dynamic neighborhoods. The upper floors, comprising the 2nd and 3rd levels, house two spacious free-market apartments, each offering three bedrooms and designed to attract premium tenants. With modern finishes and ample natural light, these units offer both style and convenience, enhancing the building’s appeal and rental value. On the ground floor, a fully equipped retail space awaits – the perfect turnkey solution for a food production business or restaurant commissary. Boasting an impressive commercial kitchen build-out, this space includes ready hook-ups for high-capacity stoves, grills, walk-in freezers, and chillers, all serviced by a code-compliant exhaust system extending to the roof. This level’s setup is crafted to meet the demands of Brooklyn’s bustling food scene, whether for a new venture or an expanding business. With a proforma annual rental income of $109,652 and projected expenses, including real estate taxes, estimated at $19,776, the building promises a strong financial outlook. A projected Net Operating Income of $89,876 underlines this property's remarkable investment potential. This mixed-use gem in Gravesend is more than just a property; it’s a pathway to growth, community connection, and entrepreneurial success in the heart of Brooklyn.
Prime Investment & Owner-User Opportunity in the Heart of Brooklyn’s Gravesend. Come into a rare opportunity with this pristine mixed-use building, an ideal fit for both owner-users and savvy investors. Nestled in the vibrant core of Gravesend in Brooklyn, this property seamlessly combines residential comfort with prime commercial potential, making it a standout in one of New York’s most dynamic neighborhoods. The upper floors, comprising the 2nd and 3rd levels, house two spacious free-market apartments, each offering three bedrooms and designed to attract premium tenants. With modern finishes and ample natural light, these units offer both style and convenience, enhancing the building’s appeal and rental value. On the ground floor, a fully equipped retail space awaits – the perfect turnkey solution for a food production business or restaurant commissary. Boasting an impressive commercial kitchen build-out, this space includes ready hook-ups for high-capacity stoves, grills, walk-in freezers, and chillers, all serviced by a code-compliant exhaust system extending to the roof. This level’s setup is crafted to meet the demands of Brooklyn’s bustling food scene, whether for a new venture or an expanding business. With a proforma annual rental income of $109,652 and projected expenses, including real estate taxes, estimated at $19,776, the building promises a strong financial outlook. A projected Net Operating Income of $89,876 underlines this property's remarkable investment potential. This mixed-use gem in Gravesend is more than just a property; it’s a pathway to growth, community connection, and entrepreneurial success in the heart of Brooklyn.

Listing Courtesy of Amerihomes Realty of NY, Inc

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
171 Avenue U Gravesend Brooklyn NY 11223
171 Avenue U Gravesend Brooklyn NY 11223

Building Details [171 Avenue U]

Ownership Mixed Use
Block/Lot 7099/43
Building Size 20'x50'
Year Built 1931
Floors 3
Lot Size 20'x80'

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 486969