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  • 203 Avenue U
  • $ 2,950,000
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223

203 Avenue U

Gravesend   |   West 6th St & West 5th St

Building For Sale
$ 2,950,000
Ownership Mixed Use
Lot Size 20'x100'
Status Active
Real Estate Taxes [Per Annum] $ 65,406
Building Size 20'x100'
Year Built 1928
ASF/ASM 8,500/790
 

Photos

203 Avenue U Gravesend Brooklyn NY 11223

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
203 Avenue U Gravesend Brooklyn NY 11223

Property Description

Excellent investment opportunity in the heart of Brooklyn! This well-maintained mixed-use property features 2 commercial stores and 6 residential apartments on a 20×100 building situated on a 20×100 lot. The residential units offer a total of 9 bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), while the remaining four apartments are rent-stabilized, providing a desirable balance of stable income and future upside. The property generates an impressive 6% cap rate with an annual net income of approximately $176,877. Ideally located on bustling Avenue U with excellent foot traffic, surrounded by shopping, restaurants, schools, and public transportation. A rare opportunity for investors seeking strong cash flow and long-term value.
Excellent investment opportunity in the heart of Brooklyn! This well-maintained mixed-use property features 2 commercial stores and 6 residential apartments on a 20×100 building situated on a 20×100 lot. The residential units offer a total of 9 bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), while the remaining four apartments are rent-stabilized, providing a desirable balance of stable income and future upside. The property generates an impressive 6% cap rate with an annual net income of approximately $176,877. Ideally located on bustling Avenue U with excellent foot traffic, surrounded by shopping, restaurants, schools, and public transportation. A rare opportunity for investors seeking strong cash flow and long-term value.

Listing Courtesy of Tiger Realty

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
203 Avenue U Gravesend Brooklyn NY 11223
203 Avenue U Gravesend Brooklyn NY 11223

Building Details [203 Avenue U]

Ownership Mixed Use
Block/Lot 7100/39
Building Size 20'x100'
Zoning R5B
Year Built 1928
Floors 4
Lot Size 20'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

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: 502747