1318 Avenue U

Homecrest

$2,100,000
Price
7
Beds
2
Baths
3,300 Sq. Ft.
$636 / Sq. Ft.
3,300
Sq. Ft.
$636
per Sq. Ft.

Description

Presenting this Mixed-Use brick building come with 1-Store plus 2-Family is located in the Avenue U Sheepshead Bay neighborhood. A great opportunity for a property investor. Three stories with two residential units situated above a spacious retail store. Both residential unit features 3 bedrooms, 1 bathroom, and large living rooms, this location offers easy access to a variety of amenities, including shops, restaurants, schools, and public transportation options (Q train, B3, and B68 buses). Annual...Presenting this Mixed-Use brick building come with 1-Store plus 2-Family is located in the Avenue U Sheepshead Bay neighborhood. A great opportunity for a property investor. Three stories with two residential units situated above a spacious retail store. Both residential unit features 3 bedrooms, 1 bathroom, and large living rooms, this location offers easy access to a variety of amenities, including shops, restaurants, schools, and public transportation options (Q train, B3, and B68 buses). Annual property tax $9491. Store tenants pay 50% property tax. Endless potential and won't last!

Amenities

  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/16/2024 04:24 PM

Property Details for 1318 Avenue U

StatusActive
MLS ID488085
Days on MarketListed Today
Taxes$9,491 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1927
Lot Size1,600 SF / 20' x 80'
CountyKings County

Building

1318 Avenue U

3 Units3 StoriesBuilt in 1927

Building Information for 1318 Avenue U

Stories3Residences3Year Built1927Lot Size1,600 SF / 20' x 80'Building Age-Building Type-

Property Information for 1318 Avenue U

Summary
Location and General Information
  • Block: 7346
  • Number Of Stories: 1
  • Cross Street Name: East 14 Street
  • Cross Street Name: East 13 Street
  • Zoning: R5 , C1-3
  • Roof: Flat
  • Water Front Present YN: No
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 9491.0
  • Gross Expense: 12570.0
  • Gross Income: $112,800.00
Property
Lot Information
  • Sq Ft Total: 3300
  • Yard: Back
  • Lot Number: 8
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 355.0
  • Fuel Expense: 3020.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Commercial Features Interior: Other
  • Foundation Details: Block
  • Flooring: Other
  • Unit Count: 3
  • Lavatories: Other
  • Construction Materials: Brick
  • Electric: Other
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
  • Handicap Access YNU: Yes
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1100.0
  • Building Length: 55.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 5500.0
  • Unit Room Description: lease end 2028, rent increase $500 every two year
  • Unit Floor: 1F
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 1600.0
  • Unit Floor: 2F
  • Unit Rooms Total: 4
  • Unit Status: No Lease
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 1750.0
  • Unit Floor: 3F
  • Unit Rooms Total: true
  • Unit Status: No Lease
  • Unit Unit Type: 3 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3200.0
  • Owner Occupied: No

Property History for 1318 Avenue U

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1318 Avenue U

Taxable ValueLand$16,920Additions$58,980Total$75,900
Home Facts
Total Finished SqFt3,300 SqFtLot Size1,600 SqFtYear Built1927ZoningR5APN3073460008

Schools near 1318 Avenue U

This home is within Nyc Geog District #21 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 153 Homecrest
PublicPK to 5

Jhs 234 Arthur W Cunningham
Public6 to 8

I.S. 98 Bay Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1318 Avenue U is a mixed use property for sale in Homecrest. This property was listed for sale on December 16, 2024 by ProBase Real Estate, it's currently listed at $2,100,000. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 153 Homecrest, Jhs 234 Arthur W Cunningham and William E Grady Career And Technical Education High School. 1318 Avenue U is a 7-bed, 2-bath, 3,300 sqft mixed use property built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ProBase Real Estate

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