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    326 Avenue U Brooklyn, NY 11223

    For Sale
    $6,998,888

    Gravesend Apartment Building, 5 Units, New Construction

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This stunning, brand-new five-unit apartment building in Gravesend, Brooklyn, presents a unique investment opportunity. Built in 2023, the property boasts 6,500 square feet of net rentable space, spread across five units. The ground floor features a spacious two-bedroom, two-bathroom duplex. The second, third, and fourth floors each offer a two-bedroom, one-bathroom unit. Atop the building is a luxurious two-bedroom, two-bathroom penthouse. Each unit includes in-unit laundry and a private balcony. A basement recreation room with a bathroom adds further appeal. The building features stainless steel appliances throughout. Located at 326 Avenue U, Brooklyn, NY 11223, this property is zoned R6A, C1-4. The asking price is $6,998,888, representing $1,399,777.60 per unit. This prime location offers residents easy access to local amenities, transportation, and the vibrant Brooklyn community. The building's modern design and sustainable features make it an attractive option for both owner-users and investors seeking a high-quality, income-producing asset. The building is five stories tall. This is a rare opportunity to acquire a newly constructed, high-quality multifamily property in a desirable Brooklyn neighborhood.

    Property Features for 326 Avenue U

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,500 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    5
    Units
    5

    HighLights

    • $6,998,888 asking price for a 5‑unit apartment building.
    • Multifamily property with 6,500 square feet of net rentable space.
    • Five units, including a 2‑bed/2‑bath ground floor unit, three 2‑bed/1‑bath units, and a 2‑bed/2‑bath penthouse.
    • Building features include a basement recreation room with bathroom, stainless steel appliances, in‑unit washer/dryers, and private balconies in each unit.
    • Located at 326 Avenue U, Brooklyn, NY 11223, in the Gravesend neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.97212977019
    Latitude
    40.597121151554

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    FAQs

    What type of property is this?
    Multifamily property - Gravesend Apartment Building, 5 Units, New Construction
    Where is this multifamily property located?
    The property is located at 326 Avenue U Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $6,998,888.
    What are key features of this property?
    This property features: $6,998,888 asking price for a 5-unit apartment building.; Multifamily property with 6,500 square feet of net rentable space.; Five units, including a 2-bed/2-bath ground floor unit, three 2-bed/1-bath units, and a 2-bed/2-bath penthouse.
    Request Owner's contact information
    326 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
    326 Avenue U Brooklyn, NY 11223
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