About This Home
This 0-bedroom, 0-bathroom single family at 156 Avenue U in Brooklyn, NY is listed for $2,288,888 ($661 per sqft). Built in 1931, the home offers 3,465 sqft of living space on a 0.05 acres lot.
Key Features
- Built in 1931
- 0.05 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$12,241/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
156 Avenue U
Brooklyn, NY 11223
Property Details
Flooring
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom single family at 156 Avenue U is listed at $2,288,888 ($661/sqft). The estimated monthly payment is $12,242 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1931, 0.05 acre lot, 2 stories.
This property is listed by Shaojie (Jayden) Liang and can be reached at 7182102727.
