156 Avenue U
Gravesend | West 8th St & West 7th St
Ownership
Mixed Use
Lot Size
20'x115'
Status
Active
Real Estate Taxes
[Per Annum]
$ 20,543
Building Size
20'x105'
Year Built
1931
ASF/ASM
3,465/322
Property Description
Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces OVER $150,000 yearly rental income:
*OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%)*
*10%+ annual gain with appreciation*
VERY busy corner – Right next to N train station and B3 Bus Stop. The building is 20× 105(residential 1365 sqft; commercial 2100 sqft) on a lot 20× 115. First floor – 4 Stores: Deli store, Barber Shop, Flower Shop, Tea Shop, and Two Car Garage. Second floor: 2 two-bedroom apartments. Store basement: Full semi-finished. Built in 1931; Zoned R5. Property tax $20,543.
2025 UPGRADES: *tested LEAD-FREE!* *New store floor and subfloor* *Brick Pointing* *ROOF waterproofed & Flashing* *Apartments painted*
This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.
Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces OVER $150,000 yearly rental income:
*OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%)*
*10%+ annual gain with appreciation*
VERY busy corner – Right next to N train station and B3 Bus Stop. The building is 20× 105(residential 1365 sqft; commercial 2100 sqft) on a lot 20× 115. First floor – 4 Stores: Deli store, Barber Shop, Flower Shop, Tea Shop, and Two Car Garage. Second floor: 2 two-bedroom apartments. Store basement: Full semi-finished. Built in 1931; Zoned R5. Property tax $20,543.
2025 UPGRADES: *tested LEAD-FREE!* *New store floor and subfloor* *Brick Pointing* *ROOF waterproofed & Flashing* *Apartments painted*
This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.
Listing Courtesy of ProBase Real Estate
Care to take a look at this property?
Apartment Features
Exposed Bricks
Hardwood Floors
Private Entrance
Building Details [156 Avenue U]
Ownership
Mixed Use
Block/Lot
7119/10
Building Size
20'x105'
Zoning
R5
Year Built
1931
Floors
2
Lot Size
20'x115'
Mortgage Calculator in [US Dollars]
Maria Castellano
License
Licensed As: Maria Castellano
Licensed Real Estate Broker/Owner
W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 488743