1115 Avenue U Brooklyn, NY 11223
Homecrest NeighborhoodEstimated payment $21,339/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | For Sale | $4,000,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $30,845 | Purchase Money Mortgage | |
| Closed | $30,845 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 491090
APN: 07315-0043
- 1118 Avenue U
- 2069 E 12th St
- 2044 E 12th St
- 2125 E 9th St
- 2053 Homecrest Ave
- 2135 E 13th St
- 2176 E 13th St
- 2105 E 14th St
- 2062 E 15th St
- 2219 E 12th St
- 1980 E 8th St
- 1727 E East 14th St
- 2217 E 13th St
- 2530 Coney Island Ave
- 602 Avenue T Unit 6A
- 2247 Coney Island Ave
- 2035 E 7th St Unit 3E
- 2035 E 7th St Unit 5F
- 2035 E 7th St Unit 3J
- 2255 Adam Clayton Powell Jr Blvd Unit 3-A
- 2370 Coney Island Ave
- 2312 Coney Island Ave
- 2066 E 15th St Unit 3C
- 2115 E 16th St
- 2300 E 13th St Unit 1
- 1870 E 12th St
- 2311 E 13th St Unit 1
- 1111 Sheepshead Bay Rd Unit 1
- 1840 E 14th St
- 2711 Coney Island Ave Unit 3Fl
- 1761 E 16th St Unit 2F
- 1715 E 8th St Unit 6f
- 2301 Ocean Ave
- 2237 W 1st St Unit 2nd Floor
- 289 Avenue S
- 321 Avenue X
- 1670 E 19th St Unit 3-B
- 1902 Kings Hwy Unit 2R
- 2580 Ocean Pkwy Unit 6P
- 434 Avenue Y
Ask me questions while you tour the home.