$2,288,888
Active
1 days on market
156 Avenue U
📍 Brooklyn, Brooklyn, NY 11223
4.0
Beds
2.0
Baths
3,465
Sqft
$661
Per sqft
1931
Year built
Land
Type
About this property
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
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Amenities & features
Key facts
Private garage
Full basement
Corner property
Property details
Property typeLand
Listing statusActive
Lot size2,243 sqft
Year built1931
Days on market1 days
MLS #504466
Estimated monthly payment
Listing price$2,288,888
Down payment (20%)$457,778
Loan amount$1,831,110
Principal & interest (7%, 30yr)$12,182/mo
Property tax (est.)$2,225/mo
Home insurance (est.)$953/mo
Estimated total$15,360/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.