7
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$2,650,000
Est. payment /mo
3,000 SqFt
Active
171 Avenue U Brooklyn, NY 11223
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UPDATED:
10/30/2024 09:22 AM
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $883
MLS Listing ID 486969
Year Built 1931
Annual Tax Amount $7,676
Property Sub-Type Mixed Use
Property 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, 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.
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.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Rooms
Basement Full
Interior
Interior Features Fire - Smoke Alarm, Kitchen, Restrooms - Public, Other
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Laminate, Tile, Other
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Other
Building
Story 3
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Amerihomes Realty of NY, Inc