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171 Avenue U, Brooklyn, NY 11223

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For Sale

$2,650,000

3,000 sqft

Estimated Payment

$ 14,249 /mo. †

6.65% APR for 30 yrs.
$7,676 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • $883.33
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Prime Investment & Owner-User Opportunity in the Heart of Brooklyn s Gravesend. Come into a rare opportunity with this pristine mixed-use building, an ideal fit for both owner-users and savvy investors. Nestled in the vibrant core of Gravesend in Brooklyn, this property seamlessly combines residential comfort with prime commercial potential, making it a standout in one of New York s most dynamic neighborhoods. The upper floors, comprising the 2nd and 3rd levels, house two spacious free-market apartments, each offering three bedrooms and designed to attract premium tenants. With modern finishes and ample natural light, these units offer both style and convenience, enhancing the building s appeal and rental value. On the ground floor, a fully equipped retail space awaits the perfect turnkey solution for a food production business or restaurant commissary. Boasting an impressive commercial kitchen build-out, this space includes ready hook-ups for high-capacity stoves, grills, walk-in freezers, and chillers, all serviced by a code-compliant exhaust system extending to the roof. This level s setup is crafted to meet the demands of Brooklyn s bustling food scene, whether for a new venture or an expanding business. With a proforma annual rental income of $109,652 and projected expenses, including real estate taxes, estimated at $19,776, the building promises a strong financial outlook. A projected Net Operating Income of $89,876 underlines this property's remarkable investment potential. This mixed-use gem in Gravesend is more than just a property; it s a pathway to growth, community connection, and entrepreneurial success in the heart of Brooklyn.
MLS# 486969

Courtesy Of Amerihomes Realty of NY, Inc

(718) 447-2626

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood, Laminate, Tile
  • Heating System
    Radiator, Steam
  • Lot Size
    0.04 Acres

Map and Directions

Directions to 171 Avenue U, Brooklyn, NY 11223

Home seller CENTURY 21 MK Realty

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CENTURY 21 MK Realty

(718) 627-7390
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $13,610
  • Property Taxes
    $639
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $14,249

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

P.s. 95 Gravesend School

Grades KG-8 Public School

Brooklyn, NY 11223 0.2 miles
345 van sicklen st

992 total students
16:1 Student teacher ratio

School Rating: B+

School Details

I.s. 228 David A. Boody

Grades 6-8 Public School

Brooklyn, NY 11223 0.5 miles
228 avenue s

1595 total students
15:1 Student teacher ratio

School Rating: B

School Details
Other Nearby Schools Distance Type Grades School Rating
Gesher Yehuda 0.4 miles Private KG-8
International High School At Lafayette 0.4 miles Public 9-12 D-
High School Of Sports Management 0.4 miles Public 9-12 D
Expeditionary Learning School For Community Leaders 0.4 miles Public 9-12 B-
Kingsborough Early College School 0.4 miles Public 6-12 B
Life Academy High School For Film And Music 0.4 miles Public 9-12 C-
Ps 721 Brooklyn Occupational Training Center 0.5 miles Public KG-12
John Dewey High School 0.5 miles Public 9-12 C-
P.s. 216 Arturo Toscanini School 0.5 miles Public PK-5 B-
Our Lady Of Grace Catholic Academy 0.5 miles Private PK-8
Magen David Yesh-isaac Shlm E 0.5 miles Private PK-12
P.s. 97 Highlawn School 0.6 miles Public KG-5 A-
P.s. 212 Lady Deborah Moody School 0.6 miles Public PK-5 C
Hebrew Language Academy Charter School 2 0.6 miles Public KG-4 B-
P.s. 215 Morris H. Weiss School 0.7 miles Public KG-5 C+
Ahi Ezer Yeshiva School 0.8 miles Private PK-8
Yeshivat Magen Abraham 0.8 miles Private 9-12
P.s. 101 Verrazano School 0.8 miles Public KG-5 A-

Gesher Yehuda

Distance: 0.4 miles

Type Private

Grades: KG-8

International High School At Lafayette

Distance: 0.4 miles

Type Public

Grades: 9-12

D-

High School Of Sports Management

Distance: 0.4 miles

Type Public

Grades: 9-12

D

Expeditionary Learning School For Community Leaders

Distance: 0.4 miles

Type Public

Grades: 9-12

B-

Kingsborough Early College School

Distance: 0.4 miles

Type Public

Grades: 6-12

B

Life Academy High School For Film And Music

Distance: 0.4 miles

Type Public

Grades: 9-12

C-

Ps 721 Brooklyn Occupational Training Center

Distance: 0.5 miles

Type Public

Grades: KG-12

John Dewey High School

Distance: 0.5 miles

Type Public

Grades: 9-12

C-

P.s. 216 Arturo Toscanini School

Distance: 0.5 miles

Type Public

Grades: PK-5

B-

Our Lady Of Grace Catholic Academy

Distance: 0.5 miles

Type Private

Grades: PK-8

Magen David Yesh-isaac Shlm E

Distance: 0.5 miles

Type Private

Grades: PK-12

P.s. 97 Highlawn School

Distance: 0.6 miles

Type Public

Grades: KG-5

A-

P.s. 212 Lady Deborah Moody School

Distance: 0.6 miles

Type Public

Grades: PK-5

C

Hebrew Language Academy Charter School 2

Distance: 0.6 miles

Type Public

Grades: KG-4

B-

P.s. 215 Morris H. Weiss School

Distance: 0.7 miles

Type Public

Grades: KG-5

C+

Ahi Ezer Yeshiva School

Distance: 0.8 miles

Type Private

Grades: PK-8

Yeshivat Magen Abraham

Distance: 0.8 miles

Type Private

Grades: 9-12

P.s. 101 Verrazano School

Distance: 0.8 miles

Type Public

Grades: KG-5

A-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Brooklyn, NY 11223

Tour the area

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Brooklyn, NY 11223

This community’s employment is highest in the personal care and education industries. The area’s overall household expenses are below the national average.

84° July
Hottest Average Month
26° January
Coldest Average Month
28,222 Total Households in Area
-7.6% Increase in population since the year 2010
35.3%
of households
have children
43 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Brooklyn, NY 11223

Brooklyn, NY 11223 has a population of 80,209 people in 28,222 households with a median age of 39.9 years old.

-7.6%
Decrease in population
since the year 2010
Population is Trending down
30,035
Total households as of 2010
1.5%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 39.9 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 50%
Asian 30%
Hispanic 14%
Other 9%
Black 4%
Native American <1%
The most prevalent ethnicity is White at 50%, followed by Asian at 30%, Hispanic at 14%, and Other at 9%.

Economics
for Brooklyn, NY 11223

38,370 /sq mi
Population Density
$65,460 /yr
Median Household Income
$1,250,000
Median Sales Price
43 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 14% of the households.

Transportation to Work

  • Public Transit 46%
  • Drive 33%
  • Walk or Bike 11%
  • Work from Home 10%

Occupancy by Type

Rented 16,852 56%
Owned 11,370 38%
Vacant 1,884 6%

White vs Blue Collar Jobs







White Collar 80%
Blue Collar 20%

Family & Education Facts
for Brooklyn, NY 11223

39.9 Median Age

Average Household Size

2.8
persons per
household

53.3%

Married Households

Community Population By Education

High School Graduate 27%
Bachelors Degree 22%
Some High School 20%
Graduate Degree 14%
Some College 11%
Associates Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 27.09% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
35.3% of households have children

Weather
for Brooklyn, NY 11223

The weather for this area ranges from a high of 84° F in July to a low of 26° F in January

84° July
Hottest Average Month
26° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
26°
39°
Feb
27°
41°
Mar
34°
49°
Apr
43°
60°
May
53°
70°
Jun
62°
79°
Jul
68°
84°
Aug
67°
83°
Sep
60°
76°
Oct
49°
65°
Nov
40°
54°
Dec
30°
43°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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