$4,000,000

Estimated payment $21,339/month

Total Views 4,080
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to Avenue U (Q Line)
  • Back and Front Yard
  • Jhs 234 Arthur W Cunningham Rated A-
  • Heating System Uses Steam

About This Home

An incredible investment and business opportunity awaits you in the heart of the bustling Avenue U corridor, just off Coney Island Avenue — one of Brooklyn’s most desirable commercial zones. This rare package deal includes this property and 1117 Avenue U, offering two fully renovated mixed-use buildings that combine retail, office, and residential components in one unbeatable offering. Together, the properties sit on a 40 ft x 100 ft lot and feature a combined building size of 40 ft x 62 ft, with excellent zoning (R5/C1-3) for a variety of uses. This property features a beautifully maintained retail storefront (currently a nail salon) with high ceilings, granite tile flooring, four modern bathrooms, and a fully finished basement with high ceilings—ideal for extra workspace, events, or storage. Upstairs is a spacious, updated two-bedroom apartment in excellent condition with a flexible “twin-key” layout perfect for multi-family use, rental income, or an owner-user. 1117 Avenue U, also fully renovated, is currently operated as a professional office space for home care, insurance, and medical services. Its finished basement adds an additional 2,480+ sq. ft. of high-quality space. The second floor across both buildings houses four residential units, each with two bedrooms. All mechanical systems have been updated, including brand-new electric, gas meters, and heating systems, making this a truly turnkey opportunity. Ideally located near the Q Train, McDonald's, TD Bank, schools, restaurants, and community amenities, this high foot-traffic location is perfect for business operations, residential tenants, or investors seeking a stable, cash-flowing asset in a rapidly appreciating area. Whether you're looking to invest or occupy, this rare Avenue U package offers immediate value and long-term potential.

Listing Agent

Michelle Zhang

RE/MAX Edge Listed on: 04/23/2025

Property Details

Property Type

  • Other

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 100 x 40
  • Back and Front Yard

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof

Flooring

  • Wood
  • Stone

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $4,350
  • Utility Expense $350
  • Gross Income $216,000

Property Details

Property Type

Other

Lot Details

4,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: ConeyIsland Ave
  • Heat Delivery: Ductless/Split, Steam/Radiator
  • Number Of Families: 4
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Street Name I D X: Avenue U
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Stone
  • Lot Sq Ft: 4000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Roof: Rubber

Utilities

  • Electric: 200 Amp
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 4350.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 40

Rental Info

  • Rent Income: 18000

Multi Family

  • Annual Gross Expense: 22500.00
  • Annual Gross Income: 216000
  • Unit Count: 5
  • Annual Utility Expenses: 350.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,031 $99,180 $16,080 $83,100
2024 $9,031 $92,340 $16,080 $76,260
2023 $8,615 $81,600 $16,080 $65,520
2022 $6,274 $64,080 $16,080 $48,000
2021 $8,819 $56,340 $16,080 $40,260
2019 $7,839 $68,880 $16,080 $52,800
2018 $7,206 $35,352 $9,900 $25,452
2017 $7,118 $34,920 $10,480 $24,440
2016 $6,981 $34,920 $12,579 $22,341
2015 $3,973 $33,100 $14,125 $18,975
2014 $3,973 $31,227 $14,208 $17,019
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2025 04/23/25 For Sale $4,000,000 -- --
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $30,845 Purchase Money Mortgage
Closed $30,845 Purchase Money Mortgage
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 491090

Brooklyn Board of REALTORS®

APN: 07315-0043

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