156 Avenue U Brooklyn, NY 11223
Gravesend NeighborhoodEstimated payment $14,729/month
Total Views
3,886
4
Beds
6
Baths
3,465
Sq Ft
$678
Price per Sq Ft
Highlights
- Open Floorplan
- 1-minute walk to Avenue U (N Line)
- 2 Car Attached Garage
- P.S. 95 - The Gravesend Rated A-
- Property is near public transit
About This Home
HIGH PROFIT Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces *OVER $158,000 yearly rental income; *OVER $123,000 NET INCOME* *OVER 5.5% CAP (projected 6%) * *10%+ annual gain with appreciation.* The building is 20x 105(residential 1365 sq ft; commercial 2100 sq ft) on a lot 20x 115. First floor - 4 Stores: Deli, Barber Shop, Flower Shop, Office and Garage. Second floor: 2 two-bedroom apartments. Store basement: Full semi-finished. Built in 1931; Zoned R5. Property tax $20,543. VERY busy corner - Right next to N train station and B3 Bus Stop. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more. 2025 UPGRADES: *tested LEAD-FREE!* *New store floor and subfloor* *Brick Repointed* *ROOF waterproofed & Flashed* *Apartments painted* *New apartment floor*
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,543
Year Built
- Built in 1931
Lot Details
- 2,243 Sq Ft Lot
Parking
- 2 Car Attached Garage
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3,465 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Oven
Bedrooms and Bathrooms
- 4 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Location
- Property is near public transit
- Property is near a bus stop
Community Details
- Gravesend Community
- Private Driveway Subdivision
- Community Parking
Map
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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 | $20,543 | $178,650 | $30,600 | $148,050 |
| 2024 | $20,543 | $207,450 | $30,600 | $176,850 |
| 2023 | $20,667 | $221,850 | $30,600 | $191,250 |
| 2022 | $18,633 | $173,250 | $30,600 | $142,650 |
| 2021 | $16,458 | $153,900 | $30,600 | $123,300 |
| 2020 | $12,344 | $208,350 | $30,600 | $177,750 |
| 2019 | $19,767 | $208,350 | $30,600 | $177,750 |
| 2018 | $18,944 | $190,800 | $30,600 | $160,200 |
| 2017 | $18,774 | $189,450 | $30,600 | $158,850 |
| 2016 | $18,091 | $180,450 | $30,600 | $149,850 |
| 2015 | $11,581 | $171,000 | $30,600 | $140,400 |
| 2014 | $11,581 | $169,200 | $30,600 | $138,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | For Sale | $2,350,000 | -- | $678 / Sq Ft |
Source: NY State MLS
Similar Homes in Brooklyn, NY
Source: NY State MLS
MLS Number: 11500429
APN: 07119-0010
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