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184 Avenue U 3,900 SF 100% Leased Retail Building Brooklyn, NY 11223 $1,500,000 ($384.62/SF)
Investment Highlights
- The ground-floor commercial space is currently occupied by one of the most recognized fish markets in the neighborhood.
- Located in the heart of Gravesend along Avenue U in Brooklyn.
- Above the retail unit are two residential apartments that require a full gut renovation. This creates a significant opportunity.
Executive Summary
***BUILDING FOR SALE***
Located in the heart of Gravesend, 184 Avenue U presents a rare opportunity to live or invest in a classic Brooklyn mixed-use property. Built in 1931, this well-maintained two-story building offers approximately 3,900 square feet of interior space and a versatile layout suited for both residential and commercial use.
The property features two residential units—a studio (approximately 700 sq ft) and a two-bedroom (approximately 1,000 sq ft)—along with a ground-floor retail space (currently a fish market). This configuration makes it ideal for end-users, investors, or those seeking a live/work setup. The building sits on a 20’ x 100’ lot and is zoned R5, providing long-term value and flexibility.
Positioned along a vibrant commercial corridor, the property benefits from strong foot traffic and convenient access to neighborhood amenities, including restaurants, shops, and supermarkets. Commuting is seamless with the N train at Avenue U and multiple bus lines just moments away.
Additional highlights include:
• Strong income-generating potential with a mixed-use layout
• Full basement for storage or additional use
• Located in a well-established and sought-after Brooklyn neighborhood
Whether you’re looking to invest, occupy, or reposition, 184 Avenue U offers exceptional upside in a prime location.
Located in the heart of Gravesend, 184 Avenue U presents a rare opportunity to live or invest in a classic Brooklyn mixed-use property. Built in 1931, this well-maintained two-story building offers approximately 3,900 square feet of interior space and a versatile layout suited for both residential and commercial use.
The property features two residential units—a studio (approximately 700 sq ft) and a two-bedroom (approximately 1,000 sq ft)—along with a ground-floor retail space (currently a fish market). This configuration makes it ideal for end-users, investors, or those seeking a live/work setup. The building sits on a 20’ x 100’ lot and is zoned R5, providing long-term value and flexibility.
Positioned along a vibrant commercial corridor, the property benefits from strong foot traffic and convenient access to neighborhood amenities, including restaurants, shops, and supermarkets. Commuting is seamless with the N train at Avenue U and multiple bus lines just moments away.
Additional highlights include:
• Strong income-generating potential with a mixed-use layout
• Full basement for storage or additional use
• Located in a well-established and sought-after Brooklyn neighborhood
Whether you’re looking to invest, occupy, or reposition, 184 Avenue U offers exceptional upside in a prime location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,900 SF
Building Class
C
Year Built
1931
Price
$1,500,000
Price Per SF
$384.62
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.95
Lot Size
0.05 AC
Zoning
R5 - R5 Zoning is considered “low density” residential zoning.
Frontage
24’ on Avenue U
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07121-0002 | Improvements Assessment | $56,760 |
| Land Assessment | $13,140 | Total Assessment | $69,900 |
Property Taxes
Parcel Number
07121-0002
Land Assessment
$13,140
Improvements Assessment
$56,760
Total Assessment
$69,900
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