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    816 Avenue U Brooklyn, NY 11223

    For Sale
    $4,000,000

    Commercial - Brooklyn, NY

    Property size:
    3,403 SF
    Lot size:
    0.07 Acres
    Days on Market:
    206
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 816 Avenue U

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6A
    Size
    3,403 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Womcore LLC dba Remax Edge (718) 612-3088 [email protected]

    Listing agent Michelle J. Zhang (718) 612-3088

    Listing date May 16, 2025

    MLS# 492143 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated Commercial Gem on Avenue U

    This fully renovated commercial property is located in the heart of Avenue U’s business district. The property, formerly a Spanish restaurant, presents an opportunity for investors, developers, or owner-users. Situated on a 41 ft x 83 ft lot, the site is zoned R6A with a C1-4 commercial overlay, allowing for flexible usage and future development possibilities, with a max residential FAR of 3.0. The main level features soaring ceilings and a wide-open layout suitable for various commercial purposes, including retail, office, medical, or event space. The fully finished basement, with 10-ft ceilings, was previously used as a private event area. The property has been completely gut renovated and includes a commercial kitchen setup, new central A/C, updated electric and plumbing systems, and new flooring throughout. The location benefits from high foot traffic and is surrounded by a dense residential population. It is located minutes from Ocean Parkway and the Q Train, and in close proximity to McDonald’s, major banks, and numerous local businesses. The property size is 3403 square feet and the lot size is approximately 0.073 acres. The property is move-in ready and offers incredible visibility.
    Location Intelligence

    Current Use by Public Records

    El Palenque 3 ... Mexican Restaurant Exotic Nails Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    SARA CATERING, New York Kosher Caterers, Fruits By Pesha, Fruits By Pesha llc, Dining Services

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.96228
    Latitude
    40.597932

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    FAQs

    What type of property is this?
    Restaurant - Turnkey commercial property with high visibility and development potential.
    Where is this restaurant located?
    The property is located at 816 Avenue U Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Prime Avenue U location with high foot traffic and excellent visibility.; - Fully renovated, move-in ready condition with new central A/C, updated electric and plumbing, and new flooring.; - Flexible R6A/C1-4 zoning allows for diverse commercial uses and future development potential (3.0 FAR).
    (718) 612-3088
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    816 Avenue U Brooklyn, NY 11223
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    Brooklyn, NY 11223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    816 Avenue U Brooklyn, NY 11223
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