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3,465 sqft

$2,288,888

156 Avenue U, Brooklyn NY, 11223

Price per sqft$660.57
Built in1931
Property size3,465 sqft
Property typeMulti-family

Overview

Active

Listed Sep 11, 2026

Updated 4 weeks ago

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.

$15,228/mo

Est. mortgage payment based on a $2,288,888 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
504466

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.05 Acres

Other Property Details

Taxes
$18,989
Tax Frequency
Annually
Garage
Yes

Listed by Shaojie (Jayden) Liang with ProBase Real Estate
Listing Contact: 7182102727 

Based on information from Brooklyn Board of REALTORS®. Data last updated 9/12/2026. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Denise DeLeo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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