Mixed-Use Building with
815 Avenue U, Brooklyn, NY 11223
For Sale
$2,100,000
The three-story property combines a ground-floor restaurant with two upper-level apartments.
Property Size3,426 SF
Lot Size0.05 Acres
Price / SF$612.96
Days on Market79
Property Features for 815 Avenue U
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Frontage
Road Access
Public Transit
Additional Details
Multifamily Units
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
split A/C systems
separate heating and hot water systems
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
RE/MAX Edge
(718) 288-3835
Listed By:
Kelly Wu · License #10401268467
(917) 916-2368
Source:
Adamstreetrealty
Added: Aug 21
Changed: Nov 6
Last Checked: Nov 6 at 3:56PM
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 Edge
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Investment Insights
Based on property information with market context.
At 815 Avenue U, this mixed-use property contains 3,426 square feet in a 20' x 60' building on a 20' x 110' lot. The three-story structure includes a basement, a restaurant on the first floor and in the basement, and one apartment on each of the floors above. Split A/C serves the building, while each unit has its own heating and hot water systems. The apartments are configured with four bedrooms, a living room, an open kitchen and dining area; the second-floor unit has one full bathroom, and the third-floor unit has 1.5 bathrooms.
The property is in Brooklyn, within the Gravesend/Sheepshead Bay area. Nearby transit includes the B3 and B68 buses and the Q, B and F trains. The rear yard can accommodate up to two cars. The building dates to 1931 and is zoned R6A.
The property is in Brooklyn, within the Gravesend/Sheepshead Bay area. Nearby transit includes the B3 and B68 buses and the Q, B and F trains. The rear yard can accommodate up to two cars. The building dates to 1931 and is zoned R6A.
Key Highlights
- 3,426‑square‑foot property with a 20' x 60' building on a 20' x 110' lot
- Three stories plus a basement, with one commercial unit and two residential units
- First‑floor and basement space currently used as a restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,364
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,487,280
$2.5M
Cap Rate 7%
$1,776,629
$1.8M
Cap Rate 9%
$1,381,822
$1.4M
Market Conditions
NOI Build-Up for 3,426 SF
Gross rent
$226.1K $66.00/SF
− Vacancy
−$27.1K −$7.92/SF
EGI
$199.0K $58.08/SF
− OpEx
−$74.6K −$21.78/SF
NOI
$124.4K $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%
$2,487,280
Cap Rate 7%
$1,776,629
Cap Rate 9%
$1,381,822
Alternative Uses
Best Use
Specialty Retail
$2.84M
$2.48M – $3.31M
NOI $198,571 @ 7.0% cap · market cap 9.46%
Second Best
Mixed Use
$1.78M
$1.55M – $2.07M
NOI $124,364 @ 7.0% cap · market cap 5.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,242
Businesses Nearby
Explore this area
Business Placement
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
$1,063,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The three-story property combines a ground-floor restaurant with two upper-level apartments.
Where is this mixed-use property located?
The property is located at 815 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 3,426‑square‑foot property with a 20' x 60' building on a 20' x 110' lot; Three stories plus a basement, with one commercial unit and two residential units; First‑floor and basement space currently used as a restaurant
