Mixed-Use Property with Medical
3019 Avenue U, Brooklyn, NY 11229
For Sale
New
$2,498,000
Commercial Sale, Brooklyn, NY
Property Size2,000 SF
Lot Size0.09 Acres
Price / SF$1,249
Days on Market2
Property Features for 3019 Avenue U
General Information
Property type
Property subtype
Zoning
Rooms
Parking
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Buildings
Listing Agency:
Compass Greater NY LLC
(516) 517-4751
Listed By:
Panagiotis D. Athanasopoulos
(646) 404-1578
Added: Nov 7
Last Checked: Nov 8 at 1:06AM
MLS# 1071607
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 3019 Avenue U, this brick mixed-use property has approximately 4,000 square feet above grade and a 2,000-square-foot basement. The ground floor contains about 2,000 square feet configured for medical office use, with roughly seven examination and treatment rooms, reception and waiting areas, and supporting facilities. The second floor is a 2,000-square-foot, three-bedroom apartment. Both the commercial and residential areas are vacant, and the existing spaces may require renovation or modernization. Rear parking is also part of the property.
The site measures 40 by 100 feet and is in an R4 district with a C1-2 commercial overlay. It is near shopping, dining, public transportation, and major thoroughfares. The building dates to 1925 and has public water and sewer service.
The site measures 40 by 100 feet and is in an R4 district with a C1-2 commercial overlay. It is near shopping, dining, public transportation, and major thoroughfares. The building dates to 1925 and has public water and sewer service.
Key Highlights
- Approximately 4,000 square feet of above‑grade space plus a 2,000‑square‑foot basement
- Ground‑floor medical office area of approximately 2,000 square feet with about seven exam and treatment rooms
- Upper‑level 2,000‑square‑foot apartment with three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,600
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,000
$1.5M
Cap Rate 7%
$1,037,143
$1.0M
Cap Rate 9%
$806,667
$806.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$132.0K $66.00/SF
− Vacancy
−$15.8K −$7.92/SF
EGI
$116.2K $58.08/SF
− OpEx
−$43.6K −$21.78/SF
NOI
$72.6K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,000
Cap Rate 7%
$1,037,143
Cap Rate 9%
$806,667
Alternative Uses
Best Use
Mixed Use
$1.04M
$907.5K – $1.21M
NOI $72,600 @ 7.0% cap · market cap 2.91%
Second Best
Office B
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 2.00%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
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Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant commercial and residential spaces include a ground-floor clinic layout and an upper-level three-bedroom apartment.
Where is this mixed-use property located?
The property is located at 3019 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,498,000.
What are key features of this property?
This property features: Approximately 4,000 square feet of above‑grade space plus a 2,000‑square‑foot basement; Ground‑floor medical office area of approximately 2,000 square feet with about seven exam and treatment rooms; Upper‑level 2,000‑square‑foot apartment with three bedrooms
