222 Avenue U, Brooklyn, NY 11223
COMMERCIAL - Brooklyn, NY
- Added:
- Jan 21, 2026
- Days on Market:
- 141
- Last Refresh:
- Jun 11 at 8:06 pm
Property Features for 222 Avenue U
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R5
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 24614
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Flat
Listing agent Meijuan (Minnie) Lin (718) 382-0001
Listing office Momentum Real Estate LLC 1703 86 Street, Brooklyn, NY (718) 382-0001
Listing date Jan 21, 2026
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Extensive renovation: Over $1.6 million invested, creating a modern, high‑quality commercial space.
- High‑traffic location: Situated on Avenue U in Gravesend, Brooklyn, benefiting from significant street traffic and visibility.
- Substantial square footage: 8,000 square feet (4,000 sq ft above ground, 4,000 sq ft below) providing ample space.
- Income‑generating potential: Currently operating as a restaurant with a triple net lease and an estimated monthly rent of $12,500.
- Versatile finished basement: Can be utilized as a party room or for other purposes.
- Constructed with brick and a flat roof.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $336.0k | $84.00 |
| − Vacancy | −$26.9k | −$6.72 |
| EGI | $309.1k | $77.28 |
| − OpEx | −$77.3k | −$19.32 |
| NOI | $231.8k | $57.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.975562
- Latitude
- 40.596461
