171 Avenue U
$2,650,000
6
3,000
3,000
$883
Description
Prime Investment & Owner-User Opportunity in the Heart of Brooklyn’s Gravesend. Come into a rare opportunity with this pristine mixed-use building, an ideal fit for both owner-users and savvy investors. Nestled in the vibrant core of Gravesend in Brooklyn, this property seamlessly combines residential comfort with prime commercial potential, making it a standout in one of New York’s most dynamic neighborhoods. The upper floors, comprising the 2nd and 3rd levels, house two spacious free-market apartments,...Prime Investment & Owner-User Opportunity in the Heart of Brooklyn’s Gravesend. Come into a rare opportunity with this pristine mixed-use building, an ideal fit for both owner-users and savvy investors. Nestled in the vibrant core of Gravesend in Brooklyn, this property seamlessly combines residential comfort with prime commercial potential, making it a standout in one of New York’s most dynamic neighborhoods. The upper floors, comprising the 2nd and 3rd levels, house two spacious free-market apartments, each offering three bedrooms and designed to attract premium tenants. With modern finishes and ample natural light, these units offer both style and convenience, enhancing the building’s appeal and rental value. On the ground floor, a fully equipped retail space awaits – the perfect turnkey solution for a food production business or restaurant commissary. Boasting an impressive commercial kitchen build-out, this space includes ready hook-ups for high-capacity stoves, grills, walk-in freezers, and chillers, all serviced by a code-compliant exhaust system extending to the roof. This level’s setup is crafted to meet the demands of Brooklyn’s bustling food scene, whether for a new venture or an expanding business. With a proforma annual rental income of $109,652 and projected expenses, including real estate taxes, estimated at $19,776, the building promises a strong financial outlook. A projected Net Operating Income of $89,876 underlines this property's remarkable investment potential. This mixed-use gem in Gravesend is more than just a property; it’s a pathway to growth, community connection, and entrepreneurial success in the heart of Brooklyn.
- Listed by Victor Li • Amerihomes Realty of NY, Inc
Amenities
- Ground Floor
- Walk Up
- Freezer
- Private Outdoor Space
- Parking Included
- Stove
- Lowrise
LISTING UPDATED: 10/30/2024 09:22 AM
Property Details for 171 Avenue U
Status | Active |
---|---|
MLS ID | 486969 |
Days on Market | 54 |
Taxes | $7,676 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 0.0 |
Compass Type | Mixed Use |
MLS Type | Mixed Use |
Year Built | 1931 |
Lot Size | 1,600 SF / 20' x 80' |
County | Kings County |
Building
Building Information for 171 Avenue U
Stories3Residences3Year Built1931Lot Size1,600 SF / 20' x 80'Building Age-Building Type-
Property Information for 171 Avenue U
Property History for 171 Avenue U
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 171 Avenue U
Taxable ValueLand$13,800Additions$58,140Total$71,940
Home Facts
Total Finished SqFt3,000 SqFtLot Size1,600 SqFtYear Built1931ZoningR5BAPN3070990043
Schools near 171 Avenue U
This home is within Nyc Geog District #21 - Brooklyn.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
P.S. 95 The Gravesend PublicK to 8 | ||
Life Academy High School For Film And Music Public9 to 12 | ||
Is 228 David A Boody Public6 to 8 | ||
High School Of Sports Management Public9 to 12 |
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.
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