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240 Avenue U 3,520 SF Retail Building Brooklyn, NY 11223 $2,099,000 ($596.31/SF)
Investment Highlights
- Prime Gravesend Location
- 1st Fl Commercial Space (1920 SF, Delivered Vacant)
- 2 Apartments (3BR & 1 BR, 1600 SF combined)
- Surrounded by Major Businesses
Executive Summary
240 Avenue U presents a mixed-use building for sale in a highly active Brooklyn retail corridor. The property features a ground-floor commercial space delivered vacant (1920 SF), creating an excellent opportunity for an owner-user seeking immediate occupancy while benefiting from additional residential income.
The second floor (1,600 SF) consists of a 3-bedroom apartment in the rear currently paying $2,348/month and a 1-bedroom apartment in the front paying $1,800/month, providing stable in-place cash flow.
The second floor (1,600 SF) consists of a 3-bedroom apartment in the rear currently paying $2,348/month and a 1-bedroom apartment in the front paying $1,800/month, providing stable in-place cash flow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,520 SF
Building Class
C
Year Built
1931
Price
$2,099,000
Price Per SF
$596.31
Tenancy
Single
Building Height
2 Stories
Building FAR
1.76
Lot Size
0.05 AC
Zoning
R5, Brooklyn, S3 - R5 Zoning in NYC is a low density contextual residential zoning district
Frontage
20’ on Ave. U
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07122-0015 | Improvements Assessment | $223,200 |
| Land Assessment | $89,100 | Total Assessment | $312,300 |
Property Taxes
Parcel Number
07122-0015
Land Assessment
$89,100
Improvements Assessment
$223,200
Total Assessment
$312,300
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240 Avenue U
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