171 Avenue U Brooklyn, NY 11223

Prime Investment & Owner-User Opportunity in the Heart of Brooklynâ??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 reside...ntial comfort with prime commercial potential, making it a standout in one of New Yorkâ??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 buildingâ??s appeal and rental value. On the ground floor, a fully equipped retail space awaits â?? 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 levelâ??s setup is crafted to meet the demands of Brooklynâ??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; itâ??s a pathway to growth, community connection, and entrepreneurial success in the heart of Brooklyn. Continue reading