Three-Unit Mixed-Use
179 Avenue U Brooklyn, NY 11223
New
For Sale
$1,595,000
Three-unit mixed-use building with two ground-floor retail spaces and a residential unit above, fully leased to named tenants.
Property Size3,800 SF
Price / SF$419.74
Days on Market6
Property Features for 179 Avenue U
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Mixed-Use
Listing Agency:
New York City Office
(718) 475-4369
Listed By:
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source:
Marcusmillichap
Added: Jul 18
Changed: Jul 22
Last Checked: Jul 23 at 2:38AM
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 New York City Office
Investment Insights
Based on property information with market context.
This three-unit mixed-use building offers two ground-floor commercial spaces with a free-market three-bedroom residential unit above. The property totals approximately 3,800 gross square feet and is currently leased to Dunkin’ Donuts and Hwang’s Construction.
The building is located along the Avenue U retail corridor in the Gravesend/Homecrest area of southern Brooklyn.
As currently configured, the asset combines street-level retail leasing with residential space in an all-in-one mixed-use structure.
The building is located along the Avenue U retail corridor in the Gravesend/Homecrest area of southern Brooklyn.
As currently configured, the asset combines street-level retail leasing with residential space in an all-in-one mixed-use structure.
Key Highlights
- Three‑unit mixed‑use building with two ground‑floor commercial spaces and one residential unit above
- Approx. 3,800 gross SF total: three‑bedroom residential unit above retail spaces
- Two retail spaces are leased to Dunkin’ Donuts and Hwang’s Construction
Financial Insights For Mixed Use
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 | $250.8k | $66.00 |
| − Vacancy | −$30.1k | −$7.92 |
| EGI | $220.7k | $58.08 |
| − OpEx | −$82.8k | −$21.78 |
| NOI | $137.9k | $36.30 |
3,800 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,248 @ 7.0% cap · market cap 13.81%
Second Best
Retail
$2.60M
$2.28M – $3.04M
NOI $182,227 @ 7.0% cap · market cap 11.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dunkin'
Cafe & Coffee Shop
FAQs
What type of property is this?
Mixed-use property - Three-unit mixed-use building with two ground-floor retail spaces and a residential unit above, fully leased to named tenants.
Where is this mixed-use property located?
The property is located at 179 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Three‑unit mixed‑use building with two ground‑floor commercial spaces and one residential unit above; Approx. 3,800 gross SF total: three‑bedroom residential unit above retail spaces; Two retail spaces are leased to Dunkin’ Donuts and Hwang’s Construction
