NOT LISTED FOR SALE

1318 Avenue U Brooklyn, NY 11229

Sheepshead Bay Neighborhood

Estimated Value: $2,084,868

Studio
-- Bath
3,300 Sq Ft
$632/Sq Ft Est. Value

Sale Details

Date Sold: July 8, 2025

Last sale price $2,055,000 $623 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $12,062 / mo

Highlights

  • Handicap Accessible
  • 2-minute walk to Avenue U (Q Line)
  • Back Yard
  • Jhs 234 Arthur W Cunningham Rated A-
  • Hot Water Heating System

About This Home

As of July 2025

Presenting this Mixed-Use brick building come with 1-Store plus 2-Family is located in the Avenue U Sheepshead Bay neighborhood. A great opportunity for a property investor. Three stories with two residential units situated above a spacious retail store. Both residential unit features 3 bedrooms, 1 bathroom, and large living rooms, this location offers easy access to a variety of amenities, including shops, restaurants, schools, and public transportation options (Q train, B3, and B68 buses). Annual property tax $9491. Store tenants pay 50% property tax. Endless potential and won't last!

Last Agent to Sell the Property

Leo Tse

ProBase Real Estate Listed on: 12/16/2024

Last Buyer's Agent

Jincun Kuang

Momentum Real Estate LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,491

Year Built

  • Built in 1927

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 80 x 20
  • Back Yard
  • Property is zoned R5 , C1-3

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Handicap Accessible

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 7346

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,020
  • Insurance Expense $3,200
  • Utility Expense $355
  • Gross Income $112,800

Property Details

Property Type

Other

Est. Annual Taxes

$9,491

Year Built

Built in 1927

Lot Details

1,600 Sq Ft Lot

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: East 14 Street
  • Cross Street Name2: East 13 Street
  • Handicap Access Y N U: Yes
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3300
  • Building Stories: 3
  • Street Name I D X: Avenue U
  • Waterfront Present: No
  • Year Built: 1927
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Other
  • Lot Sq Ft: 1600
  • Walls: Other

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 8
  • Roof: Flat

Utilities

  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2020.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20
  • Zoning: R5 , C1-3

Multi Family

  • Annual Gross Expense: 11570.00
  • Annual Gross Income: 112800
  • Insurance Expense: 3200.00
  • Unit Count: 3
  • Annual Utility Expenses: 355.00

Tax Info

  • Flip Tax Amount: 9491.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2024
Closed on
Jul 8, 2025
Sold by
Bought by
Seller's Agent
Leo Tse
ProBase Real Estate
Buyer's Agent
Jincun Kuang
Momentum Real Estate LLC
List Price
$2,100,000
Sold Price
$2,055,000
Premium/Discount to List
-$45,000
-2.14%
Views
14
Current Estimated Value
$2,084,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,868
Avg. Annual Appreciation
1.63%
Original Mortgage
$900,000
Outstanding Balance
$892,990
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,191,878

Purchase Details

Closed on
Jul 7, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,055,000 --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/08/2025 07/08/25 Sold $2,055,000 -1.7% $623 / Sq Ft
02/05/2025 02/05/25 Price Changed $2,090,000 -0.5% $633 / Sq Ft
12/16/2024 12/16/24 For Sale $2,100,000 -- $636 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,746 $97,260 $16,920 $80,340
2025 $9,491 $95,100 $16,920 $78,180
2024 $9,491 $75,900 $16,920 $58,980
2023 $8,954 $67,080 $16,920 $50,160
2022 $8,335 $61,860 $16,920 $44,940
2021 $8,971 $57,720 $16,920 $40,800
2020 $8,559 $67,740 $16,920 $50,820
2019 $8,238 $71,280 $16,920 $54,360
2018 $7,573 $37,152 $10,583 $26,569
2017 $7,485 $36,720 $11,219 $25,501
2016 $7,140 $35,716 $13,097 $22,619
2015 $4,178 $33,696 $14,246 $19,450
2014 $4,178 $32,817 $14,950 $17,867
Source: Public Records

Agents Affiliated with this Home

  • Leo Tse

    Seller's Agent in 2025

    Leo Tse

    ProBase Real Estate

    (917) 892-9639

    1 in this area

    21 Total Sales

    Leo Tse
    Section Image

  • J

    Buyer's Agent in 2025

    Jincun Kuang

    Momentum Real Estate LLC

    (347) 754-8455

    7 in this area

    119 Total Sales

    Jincun Kuang
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 488085

Brooklyn Board of REALTORS®

APN: 07346-0008

New York Kings County Brooklyn 11229 Sheepshead Bay

1318 Avenue U, Brooklyn, NY

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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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