1118 Avenue U Brooklyn, NY 11223
Sheepshead Bay NeighborhoodEstimated payment $22,020/month
Highlights
- 3,600 Sq Ft lot
- 4-minute walk to Avenue U (Q Line)
- Heating System Uses Steam
- Jhs 234 Arthur W Cunningham Rated A-
- Marble Flooring
- Back Yard
About This Home
Located in the heart of the busy Avenue U corridor just off Coney Island Avenue, this rare mixed-use opportunity is being sold as a package — this property and this 1120 Avenue U — and offers exceptional value in a thriving commercial and residential zone. The offering includes two fully renovated buildings with a combined lot size of 36’ x 100’ and a building footprint of 36’ x 50’ per floor. Zoned R5 / C1-3, the property features two stories plus two residential units. The ground floor consists of a spacious, open-layout retail space currently used as a nail salon, featuring high ceilings, granite tile flooring, and four modern bathrooms. A finished basement with high ceilings provides additional functional space for storage, workspace, or private events. The second floor houses an updated two-bedroom apartment with a twin-key setup, offering flexibility for multi-family use or strong rental income. The apartment is in excellent, move-in-ready condition. This high-visibility location is surrounded by major retail and service amenities and is just steps from the Q subway line, offering both convenience and consistent foot traffic — a prime opportunity for investors and end-users alike.
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,498
Lot Details
- 3,600 Sq Ft Lot
- Lot Dimensions are 100 x 36
- Back Yard
Home Design
- Mixed Use
- Brick Exterior Construction
- Block Foundation
- Rubber Roof
Interior Spaces
- 2,700 Sq Ft Home
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Marble
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Community Details
- Fuel Expense $4,765
- Utility Expense $350
- Gross Income $150,000
Listing and Financial Details
- Tax Block 7343
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 | $8,498 | $81,060 | $15,180 | $65,880 |
2024 | $8,498 | $66,120 | $15,180 | $50,940 |
2023 | $8,107 | $58,440 | $15,180 | $43,260 |
2022 | $5,912 | $53,880 | $15,180 | $38,700 |
2021 | $8,095 | $52,260 | $15,180 | $37,080 |
2020 | $6,071 | $62,940 | $15,180 | $47,760 |
2019 | $7,376 | $66,240 | $15,180 | $51,060 |
2018 | $6,781 | $33,264 | $9,148 | $24,116 |
2017 | $6,707 | $32,904 | $9,702 | $23,202 |
2016 | $6,408 | $32,054 | $11,342 | $20,712 |
2015 | $3,744 | $30,240 | $12,542 | $17,698 |
2014 | $3,744 | $29,383 | $13,418 | $15,965 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/24/2025 04/24/25 | For Sale | $4,000,000 | -- | $1,481 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | -- | -- | |
Deed | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 491091

APN: 07343-0007
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