$4,000,000

Estimated payment $22,020/month

Total Views 1,893
-- Bed
-- Bath
2,700 Sq Ft
$1,481 Price per Sq Ft

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.

Listing Agent

Michelle Zhang

RE/MAX Edge Listed on: 04/24/2025

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

Property Details

Property Type

Other

Est. Annual Taxes

$8,498

Lot Details

0

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: Coney Land Ave
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 1
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2700
  • Street Name I D X: Avenue U
  • Street Number I D X: 1118
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Marble
  • Lot Sq Ft: 3600

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 7
  • Roof: Rubber

Utilities

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

Fee Information

  • Annual Fuel Expense: 4765.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 36

Rental Info

  • Rent Income: 12500

Multi Family

  • Annual Gross Expense: 26350.00
  • Annual Gross Income: 150000
  • Unit Count: 2
  • Annual Utility Expenses: 350.00

Map

Range of Values:

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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 $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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 For Sale $4,000,000 -- $1,481 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

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

Source: Brooklyn Board of REALTORS®

MLS Number: 491091

Brooklyn Board of REALTORS®

APN: 07343-0007