$2,088,000

1215 Avenue U Brooklyn, NY 11229

Homecrest Neighborhood

Estimated payment $11,964/month

Total Views 743
-- Bed
-- Bath
4,100 Sq Ft
$509 Price per Sq Ft

Highlights

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

About This Home

Discover this well-maintained attached brick mixed-use building in Homecrest/Sheepshead Bay. This 3-story property features a ground-floor commercial storefront. Above the storefront are 2 spacious residential units, each offering 3 bedrooms and 1 bathroom, currently delivered vacant for immediate leasing or end-user occupancy.
Building size 1st flr: 20x95, 2nd&3rd flr: 20x60. Lot size: 20x105.
Tenants cover all utilities, making this a low-maintenance investment opportunity. The property is surrounded by a vibrant shopping district with a wide range of dining options, supermarkets, and specialty stores nearby. Convenient access to public transportation ensures strong foot traffic for the commercial space while providing easy commuting options for residents. The property is near the B3, B68, and B49 bus lines and close to the Q train, providing direct access to Manhattan and other parts of Brooklyn.

Perfect for investors seeking a stable, income-producing property in a popular corridor with upside rental potential in the residential units.

Listing Agent

Kelly Wu

RE/MAX Edge License #10401268467 Listed on: 07/22/2025

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,062

Year Built

  • Built in 1928

Lot Details

  • 2,100 Sq Ft Lot
  • Lot Dimensions are 105 x 20
  • Back Yard
  • Property is zoned R5

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4,100 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units
  • Gross Income $136,800

Listing and Financial Details

  • Tax Block 7316

Property Details

Property Type

Other

Est. Annual Taxes

$10,062

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1900
  • Building Length: 95.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 11-15 ft
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: East 12th St
  • Cross Street Name2: Homecrest Av
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4100
  • Building Stories: 3
  • Street Name I D X: Avenue U
  • Street Number I D X: 1215
  • Year Built: 1928
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 2100

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 42
  • Roof: Asphalt/Tar, Flat

Utilities

  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 105
  • Lot Size Width: 20
  • Zoning: R5

Rental Info

  • Rent Income: 136800

Multi Family

  • Annual Gross Expense: 10062.00
  • Annual Gross Income: 136800
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 10062.00

Map

Range of Values:

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Average Value
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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 $10,062 $137,400 $17,940 $119,460
2024 $10,062 $136,140 $17,940 $118,200
2023 $9,598 $120,300 $17,940 $102,360
2022 $9,331 $94,440 $17,940 $76,500
2021 $9,837 $83,880 $17,940 $65,940
2020 $4,629 $78,240 $17,940 $60,300
2019 $8,733 $78,240 $17,940 $60,300
2018 $8,028 $39,384 $9,692 $29,692
2017 $7,940 $38,952 $10,279 $28,673
2016 $7,787 $38,952 $12,337 $26,615
2015 $4,432 $36,876 $14,010 $22,866
2014 $4,432 $34,789 $15,856 $18,933
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $2,088,000 -- $509 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

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

Source: Brooklyn Board of REALTORS®

MLS Number: 494349

Brooklyn Board of REALTORS®

APN: 07316-0042

New York Kings County Brooklyn 11229 Homecrest

1215 Avenue U, Brooklyn, NY

This home is located at 1215 Avenue U, Brooklyn, NY 11229 and is currently priced at $2,088,000, approximately $509 per square foot. This property was built in 1928. 1215 Avenue U is a home located in Kings County with nearby schools including P.S. 153 - Homecrest, Jhs 234 Arthur W Cunningham, and Yeshivat Or Hatorah.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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