246 Avenue U

Gravesend

$2,650,000
Price
Beds
6,560 Sq. Ft.
$404 / Sq. Ft.
6,560
Sq. Ft.
$404
per Sq. Ft.

Description

Introducing a fantastic investment opportunity with this corner mixed-use property, ideally located on the bustling Avenue U and just minutes away from a local school. This versatile property features 4 residential units and 4 commercial spaces, providing an excellent blend of living and business opportunities in a prime location. The strategic positioning offers significant visibility and foot traffic, making it an ideal spot for commercial ventures to thrive. With a school nearby, the area is perfect...Introducing a fantastic investment opportunity with this corner mixed-use property, ideally located on the bustling Avenue U and just minutes away from a local school. This versatile property features 4 residential units and 4 commercial spaces, providing an excellent blend of living and business opportunities in a prime location. The strategic positioning offers significant visibility and foot traffic, making it an ideal spot for commercial ventures to thrive. With a school nearby, the area is perfect for attracting families looking for convenient living options, which adds to the property's appeal. The residential units provide comfortable living spaces, fostering a vibrant community atmosphere that complements the active business environment. Designed for easy management, this property allows you to maximize your investment without the hassle. Whether you’re an experienced investor or a newcomer to the real estate market, this mixed-use property is a unique chance to capitalize on a growing area. Don’t miss out on this rare opportunity to own a well-located corner property that combines convenience, community, and commercial success! Contact us today for more details!
  1. Listed by Meijuan (Minnie) Lin • Momentum Real Estate LLC

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/18/2024 02:14 PM

Property Details for 246 Avenue U

StatusActive
MLS ID488046
Days on Market5
Taxes$40,732 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1931
Lot Size4,108 SF / 41' x 100'
CountyKings County

Building

246 Avenue U

8 Units2 StoriesBuilt in 1931

Building Information for 246 Avenue U

Stories2Residences8Year Built1931Lot Size4,108 SF / 41' x 100'Building Age-Building Type-

Property Information for 246 Avenue U

Summary
Location and General Information
  • Block: 7122
  • Number Of Stories: 4
  • Cross Street Name: West 5th St
  • Cross Street Name: Van Sicklen St
  • Zoning: R5
  • Roof: Rubber
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 40732.0
  • Gross Expense: 0.0
  • Gross Income: $186,000.00
  • Cap Rate: .05%
Property
Lot Information
  • Sq Ft Total: 6560
  • Yard: Back, Side
  • Lot Number: 16
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 100
  • Lot Size Width: 41
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 0.0
  • Fuel Expense: 0.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Other
  • Commercial Features Interior: Other
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood
  • Unit Count: 8
  • Lavatories: 4+
  • Construction Materials: Brick
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 3280.0
  • Building Length: 80.0
  • Building Type: Attached
  • Building Width: 41.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: 3
  • Unit Status: No Lease
  • Unit Unit Type: 1 Bedroom
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: No Lease
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: true
  • Unit Status: No Lease
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: true
  • Unit Status: No Lease
  • Unit Unit Type: 1 Bedroom
Unit 5
  • Unit Category: Store
  • Unit Date Available: 08-01-2026
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Floor
Unit 6
  • Unit Category: Store
  • Unit Date Available: 08-01-2029
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Floor
Unit 7
  • Unit Category: Store
  • Unit Status: No Lease
  • Unit Unit Type: Retail
Unit 8
  • Unit Category: Store
  • Unit Status: Vacant
  • Unit Unit Type: Retail
Agent
Agent Information
  • Net Operating Income: 138379.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 6889.0
  • Owner Occupied: No
  • Rent Income: 160200.0
  • Rent Income Period: 13350

Property History for 246 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 246 Avenue U

Taxable ValueLand$13,950Additions$544,050Total$558,000
Home Facts
Total Finished SqFt6,560 SqFtLot Size4,108 SqFtYear Built1931ZoningR5APN3071220016

Schools near 246 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

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.

Similar Homes

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Similar Sold Homes

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246 Avenue U is a mixed use property for sale in Gravesend. This property was listed for sale on December 14, 2024 by Momentum Real Estate LLC, it's currently listed at $2,650,000. It has been on the market for a total of 5 days and was last sold on November 6, 2018. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 95 The Gravesend, Life Academy High School For Film And Music and Is 228 David A Boody. 246 Avenue U is a 0-bed, 0-bath, 6,560 sqft mixed use property built in 1931.

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Listing Courtesy of Momentum Real Estate LLC

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