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  • 203 Avenue U
  • $ 2,950,000
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223

203 Avenue U

Gravesend   |   West 6th St & West 5th St

Building For Sale
$ 2,950,000
Ownership Mixed Use
Lot Size 20'x100'
Status Active
Real Estate Taxes [Per Annum] $ 65,406
Building Size 20'x100'
Year Built 1928
ASF/ASM 8,500/790
 

Photos

203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


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

Property Description

Great investment opportunity with immediate rental income. The corner retail space is currently vacant, offering an excellent opportunity for an owner-user to establish their own business or lease it for additional income. Don't miss this exceptional mixed-use property located on bustling Avenue U in the heart of Gravesend, Brooklyn. This well-maintained building sits on a 20×100 lot with a full 20×100 building footprint and features 2 ground-floor commercial units plus 6 residential apartments. The residential portion consists of 9 total bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), offering immediate rental flexibility, while the remaining four units are rent-stabilized, providing stable, reliable income with long-term upside potential. One of the corner commercial spaces is currently vacant, presenting an excellent opportunity for an owner-user to establish their business in a highly visible location or for an investor to lease the space at market rent and maximize the property's income potential. Based on full occupancy, the property offers a projected annual net operating income of approximately $176,877, representing an attractive approximately 6% projected cap rate. Ideally situated along the vibrant Avenue U commercial corridor, the property benefits from outstanding visibility, heavy foot traffic, and close proximity to shopping, restaurants, schools, and public transportation. Whether you're looking to occupy the corner retail space, expand your investment portfolio, or acquire a high-performing mixed-use asset with value-add potential, this is a rare opportunity in one of Brooklyn's most sought-after neighborhoods.
Great investment opportunity with immediate rental income. The corner retail space is currently vacant, offering an excellent opportunity for an owner-user to establish their own business or lease it for additional income. Don't miss this exceptional mixed-use property located on bustling Avenue U in the heart of Gravesend, Brooklyn. This well-maintained building sits on a 20×100 lot with a full 20×100 building footprint and features 2 ground-floor commercial units plus 6 residential apartments. The residential portion consists of 9 total bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), offering immediate rental flexibility, while the remaining four units are rent-stabilized, providing stable, reliable income with long-term upside potential. One of the corner commercial spaces is currently vacant, presenting an excellent opportunity for an owner-user to establish their business in a highly visible location or for an investor to lease the space at market rent and maximize the property's income potential. Based on full occupancy, the property offers a projected annual net operating income of approximately $176,877, representing an attractive approximately 6% projected cap rate. Ideally situated along the vibrant Avenue U commercial corridor, the property benefits from outstanding visibility, heavy foot traffic, and close proximity to shopping, restaurants, schools, and public transportation. Whether you're looking to occupy the corner retail space, expand your investment portfolio, or acquire a high-performing mixed-use asset with value-add potential, this is a rare opportunity in one of Brooklyn's most sought-after neighborhoods.

Listing Courtesy of Tiger Realty

Maria Castellano

License Licensed As: Real Estate Broker/Owner

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
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223

Building Details [203 Avenue U]

Ownership Mixed Use
Block/Lot 7100/39
Building Size 20'x100'
Zoning R5B
Year Built 1928
Floors 4
Lot Size 20'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

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: 502747