205 Avenue U Brooklyn, NY 11223
- Mixed-use properties
- 1,800 SF
Current Use by Public Records
- Pikman Boris M DDS / Dentist
- Empire Process Services Inc / Process Server
Property Details for 205 Avenue U
- Year built
- 1931
- Property size
- 1,800 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use building, located at 205 Avenue U in Brooklyn, Kings County, New York, presents a lucrative investment opportunity. Built in 1931, this two-story structure boasts 1,800 square feet and offers seven units, currently occupied by six tenants. The asking price is $1,899,000, translating to a price per square foot of $1,055. The property features a desirable 20-foot frontage on Avenue U, providing excellent street visibility and accessibility. Its convenient location offers close proximity to public transportation, enhancing its appeal to both residents and businesses. The building is zoned R5B, C2-3, allowing for a variety of uses. This versatile property is ideal for owner-occupancy or as a strong income-generating investment. The potential for significant return on investment is further enhanced by the possibility of delivering the property vacant. This presents an opportunity to renovate and reposition the property to maximize its rental income potential. The building's solid construction and prime location in a thriving Brooklyn neighborhood make this a truly compelling investment opportunity. The property's address is 205 Avenue U, Brooklyn, NY 11223.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9764
- Latitude
- 40.5968
