Rare HIGH PROFIT Mixed-Use Investment in Prime Gravesend! This well-maintained corner property features 4 retail stores, 2 two-bedroom apartments, and a private garage, at the VERY BUSY Avenue U & W. 7th St. intersection. The property generates $174,120 in annual gross income with a net profit of $138,000, producing an amazing 6% CAP rate at the asking price. The building measures approximately 20′ x 105′ on a 20′ x 115′ lot, with approximately 3,465 SF, plus a Full Basement. Excellent corner exposure, HIGH TENANT DEMAND, nearby from the Avenue U N train station and B3 bus, surrounded by established businesses, restaurants, supermarkets and neighborhood amenities. Strong income with additional rental upside makes this an excellent opportunity for investors, or for a store operator looking for a great location.
Property Details
Price:
$2,288,888
MLS #:
504466
Status:
Active
Baths:
0
Type:
Single Family
Subtype:
Mixed Use
Borough:
Brooklyn
Neighborhood:
gravesend
Listed Date:
Sep 11, 2026
Finished Sq Ft:
3,465
Year Built:
1931
See this Listing
Schools
Interior
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Financial
Map
Community
- Address156 Avenue U Brooklyn NY
- NeighborhoodGravesend
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11223
Market Summary
Current real estate data for Single Family in Brooklyn as of Oct 21, 2026
603
Single Family Listed
140
Avg DOM
1,100
Avg $ / SqFt
$1,923,841
Avg List Price
Property Summary
- 156 Avenue U Brooklyn NY is a Single Family for sale in Brooklyn, NY, 11223. It is listed for $2,288,888 and features 0 beds, 0 baths, and has approximately 3,465 square feet of living space, and was originally constructed in 1931. The current price per square foot is $661. The average price per square foot for Single Family listings in Brooklyn is $1,100. The average listing price for Single Family in Brooklyn is $1,923,841.
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