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59 Avenue U 8,500 SF Vacant Retail Building Brooklyn, NY 11223 $3,999,000 ($470.47/SF)



INVESTMENT HIGHLIGHTS
- Located on busy Avenue U retail corridor in Gravesend
- Steps from F train at Avenue U station for direct city access
EXECUTIVE SUMMARY
Located in the heart of Brooklyn’s Gravesend neighborhood, 59 Avenue U offers a rare opportunity to acquire a commercial property along one of South Brooklyn’s most active retail corridors. This stretch of Avenue U is known for its dense foot traffic, strong local demographics, and proximity to major transit lines, making it an ideal setting for retail, mixed-use redevelopment, or owner-user occupancy. The property sits just off McDonald Avenue and is surrounded by a vibrant mix of national retailers, local businesses, and residential buildings, contributing to a steady stream of daily activity.
The site benefits from excellent transit access, with the Avenue U subway station (serving the F line) just steps away, connecting to Downtown Brooklyn and Manhattan in under 30 minutes. The surrounding area is home to a diverse population with strong household incomes and a high percentage of renter-occupied units, supporting both retail and multifamily demand. Whether repositioned for retail, medical, or multifamily use, this address offers long-term upside in a neighborhood undergoing steady revitalization.
With its strategic location, transit connectivity, and flexible zoning potential, 59 Avenue U is well-positioned for investors or developers seeking a foothold in one of Brooklyn’s most resilient submarkets.
The site benefits from excellent transit access, with the Avenue U subway station (serving the F line) just steps away, connecting to Downtown Brooklyn and Manhattan in under 30 minutes. The surrounding area is home to a diverse population with strong household incomes and a high percentage of renter-occupied units, supporting both retail and multifamily demand. Whether repositioned for retail, medical, or multifamily use, this address offers long-term upside in a neighborhood undergoing steady revitalization.
With its strategic location, transit connectivity, and flexible zoning potential, 59 Avenue U is well-positioned for investors or developers seeking a foothold in one of Brooklyn’s most resilient submarkets.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
8,500 SF
Building Class
B
Year Built
1931
Price
$3,999,000
Price Per SF
$470.47
Percent Leased
Vacant
Building Height
1 Story
Building FAR
1.00
Lot Size
0.20 AC
Zoning
R5B - low density contextual residential zoning district.
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (97)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07094-0042 | Improvements Assessment | $451,800 |
| Land Assessment | $101,250 | Total Assessment | $553,050 |
PROPERTY TAXES
Parcel Number
07094-0042
Land Assessment
$101,250
Improvements Assessment
$451,800
Total Assessment
$553,050
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