Renovated Commercial Building,
222 Avenue U Brooklyn, NY 11223
For Sale
$3,999,000
COMMERCIAL - Brooklyn, NY
Property Size4,000 SF
Lot Size0.09 Acres
Price / SF$999.75
Days on Market187
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 Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Meijuan (Minnie) Lin · License #10401310408
(718) 382-0001
Added: Jan 21
Changed: Jun 27
Last Checked: Jul 27 at 4:06PM
MLS# 498543
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.
Investment Insights
Based on property information with market context.
This renovated commercial building is located in Gravesend, Brooklyn, on the highly trafficked Avenue U. The property has undergone significant renovations, with over $1.6 million invested. Currently operating as a restaurant, the versatile space offers various possibilities for business ventures. The building spans 8,000 square feet, with 4,000 square feet above ground and 4,000 square feet below. The additional finished basement can be utilized as a party room. The property comes with a triple net lease and an estimated monthly rent of $12,500.
Key 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.
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 |
4,000 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated commercial building in a high-traffic Brooklyn location.
Where is this conventional restaurant located?
The property is located at 222 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 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.
