246 Avenue U 6,560 SF Vacant Retail Building Brooklyn, NY 11223 £1,991,647 (£303.60/SF)

EXECUTIVE SUMMARY

Introducing a fantastic investment opportunity with this corner mixed-use property, ideally located on the bustling Avenue U and just minutes away from a local school. This versatile property features 4 residential units and 2 commercial spaces, providing an excellent blend of living and business opportunities in a prime location. The strategic positioning offers significant visibility and foot traffic, making it an ideal spot for commercial ventures to thrive. With a school nearby, the area is perfect for attracting families looking for convenient living options, which adds to the property's appeal. The residential units provide comfortable living spaces, fostering a vibrant community atmosphere that complements the active business environment. Designed for easy management, this property allows you to maximize your investment without the hassle. Whether you’re an experienced investor or a newcomer to the real estate market, this mixed-use property is a unique chance to capitalize on a growing area. Don’t miss out on this rare opportunity to own a well-located corner property that combines convenience, community, and commercial success! Contact us today for more details!

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,560 SF
Building Class
B
Year Built
1934
Price
£1,991,647
Price Per SF
£303.60
Percent Leased
Vacant
Number of Floors
2
Building FAR
1.60
Lot Size
0.09 AC
Zoning
R5 - R5 Zoning in NYC is a low density contextual residential zoning district
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (96)
Bike Score®
Very Bikeable (71)

NEARBY MAJOR RETAILERS

Key Food
Flagstar Bank
Chase Bank
TD Bank
Capital One
Foodtown
CrossFit
Ww (weight Watchers)
Starbucks
Club Pilates

PROPERTY TAXES

  • Listing ID: 34226358

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 246 Avenue U, Brooklyn, NY 11223