1115 Avenue U
Brooklyn, NY, 11223 $ 4,000,000
Bedrooms-- Baths-- Monthly Estimate*
$ 26,585
for $4,000,000. The lot size is 0.091827.
An incredible investment and business opportunity awaits you in the heart of the bustling Avenue U corridor, just off Coney Island Avenue — one of Brooklyn’s most desirable commercial zones. This rare package deal includes this property and 1117 Avenue U, offering two fully renovated mixed-use buildings that combine retail, office, and residential components in one unbeatable offering. Together, the properties sit on a 40 ft x 100 ft lot and feature a combined building size of 40 ft x 62 ft, with excellent zoning (R5/C1-3) for a variety of uses. This property features a beautifully maintained retail storefront (currently a nail salon) with high ceilings, granite tile flooring, four modern bathrooms, and a fully finished basement with high ceilings—ideal for extra workspace, events, or storage. Upstairs is a spacious, updated two-bedroom apartment in excellent condition with a flexible “twin-key” layout perfect for multi-family use, rental income, or an owner-user. 1117 Avenue U, also fully renovated, is currently operated as a professional office space for home care, insurance, and medical services. Its finished basement adds an additional 2,480+ sq. ft. of high-quality space. The second floor across both buildings houses four residential units, each with two bedrooms. All mechanical systems have been updated, including brand-new electric, gas meters, and heating systems, making this a truly turnkey opportunity. Ideally located near the Q Train, McDonald's, TD Bank, schools, restaurants, and community amenities, this high foot-traffic location is perfect for business operations, residential tenants, or investors seeking a stable, cash-flowing asset in a rapidly appreciating area. Whether you're looking to invest or occupy, this rare Avenue U package offers immediate value and long-term potential.
See more
FeaturesInteriorHeating Fuel Gas
Flooring Hardwood Stone
Hot Water Gas
See more
GeneralRoof Rubber
Electric 200 Amp
Property Type Mixed Use
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Attached
Status Active
Construction Materials Brick
Cumulative Days on Market 12
MLS Area Homecrest
Sub Type Mixed Use
City Brooklyn
DOM 12
# Families 4
Public Remarks An incredible investment and business opportunity awaits you in the heart of the bustling Avenue U corridor just off Coney Island Avenue — one of Brooklyn’s most desirable commercial zones. This rare
See more
ExteriorExterior Brick
Foundation Block
Parking Attrib Other
See more
Internal OnlyOriginating MLS Brooklyn New York MLS
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $26,585
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,862,972
Percent of Sale Price 53%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/23/2025 | $4,000,000 | | Listed Price |