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222 Avenue U
Brooklyn, NY 11223
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located on Avenue U, a highly trafficked area
- With an estimated monthly rent of $12,500
- With over $1.6 million invested solely in its renovation
EXECUTIVE SUMMARY
Proudly presenting this renovated commercial building in Gravesend Brooklyn, a true gem in Gravesend, Brooklyn. With over $1.6 million invested solely in its renovation, the owner's dedication to excellence is evident in every detail. Located on Avenue U, a highly trafficked area, this property is poised for success. Spanning an impressive 8,000 square feet in total: 4,000 square feet above ground, 4,000 square ft below. This building offers ample space for your business ventures. What sets it apart is the additional finished basement, which can be used as a party room. Currently operating as a restaurant, this versatile space presents endless possibilities. The property comes with a triple net lease, ensuring a stable and predictable income stream. With an estimated monthly rent of $12,500, this opportunity beckons investors seeking a modern commercial building. Don't miss your chance to own this modern commercial building that epitomizes quality and potential. Seize this incredible and watch your business flourish. Act now to secure your future in this thriving location!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Building Class
C
Year Built
1940
Price
$3,999,000
Price Per SF
$999.75
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.10 AC
Zoning
R5 - R5 Zoning in NYC is a low density contextual residential zoning district
Frontage
40’ on Avenue U
AMENITIES
- Restaurant
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 07122-0008 | Improvements Assessment | $261,000 |
| Land Assessment | $63,000 | Total Assessment | $324,000 |
PROPERTY TAXES
Parcel Number
07122-0008
Land Assessment
$63,000
Improvements Assessment
$261,000
Total Assessment
$324,000
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