Second-Floor Retail
For Sale
$3,200,000
178 Avenue U, Brooklyn, NY 11223
The open layout includes a private restroom, dedicated HVAC, and secure building access.
Property Size3,080 SF
Price / SF$1,038
Days on Market60
Property Features for 178 Avenue U
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Tax Payer
Additional Details
Floor
2
Amenities
private restroom
dedicated HVAC
secure entry
Building Details
Year Built
1931
Tenancy
Single
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Source:
Gosenproperties
Added: Sep 3
Changed: Oct 28
Last Checked: Oct 28 at 4:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Professiona
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor retail unit at 178 Avenue U has an open floor plan, high ceilings, and large windows facing the street. A private restroom, dedicated HVAC, and secure entry are also part of the property. The building dates to 1931, and the unit measures 3,080 in the supplied property-size data.
The property is on Avenue U in Brooklyn, with the N train at Avenue U and multiple bus lines identified nearby. Ocean Parkway and Kings Highway provide additional access connections. Retailers, restaurants, and neighborhood amenities are also in the surrounding area.
The property is on Avenue U in Brooklyn, with the N train at Avenue U and multiple bus lines identified nearby. Ocean Parkway and Kings Highway provide additional access connections. Retailers, restaurants, and neighborhood amenities are also in the surrounding area.
Key Highlights
- Second‑floor unit with an open floor plan
- Property size listed as 3,080; unit of measure not specified
- Large street‑facing windows and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,700
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,954,000
$3.0M
Cap Rate 7%
$2,110,000
$2.1M
Cap Rate 9%
$1,641,111
$1.6M
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$239.5K $77.76/SF
− Vacancy
−$28.5K −$9.25/SF
EGI
$211.0K $68.51/SF
− OpEx
−$63.3K −$20.55/SF
NOI
$147.7K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,954,000
Cap Rate 7%
$2,110,000
Cap Rate 9%
$1,641,111
Alternative Uses
Best Use
Retail
$2.11M
$1.85M – $2.46M
NOI $147,700 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.55M
$2.23M – $2.98M
NOI $178,517 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,120
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Groceries 30%
Dining 10%
Electronics 5%
Petco
Shops & Services
23,136 visits/mo
0.4 miles
Super Foodtown
Groceries
19,340 visits/mo
0.5 miles
Sunoco
Shops & Services
15,934 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,859 visits/mo
0.5 miles
C-Town Supermarkets
Groceries
3,615 visits/mo
0.3 miles
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The open layout includes a private restroom, dedicated HVAC, and secure building access.
Where is this retail space located?
The property is located at 178 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Second‑floor unit with an open floor plan; Property size listed as 3,080; unit of measure not specified; Large street‑facing windows and high ceilings
