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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
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Home seller CENTURY 21 MK Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

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

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

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-

Local area information for Brooklyn, NY 11223

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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
35.3%
of households
have children
43 minutes
Median Commute Time

Household Expenses vs 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.

Down -7.6%
Decrease in population
since the year 2010

Population is Trending down
30,035
Total households as of 2010
Up
1.5%

Community Population By Age

Community Population By Ethnicity

White 50%
Asian 30%
Hispanic 14%
Other 9%
Black 4%
Native American <1%

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

Household by Income

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%

Household Family Expenses vs 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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