$2,650,000
171 Avenue U
Brooklyn, NY, 11223
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.
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.
Property Details
Price:
$2,650,000
MLS #:
486969
Status:
Active
Baths:
0
Type:
Single Family
Subtype:
Mixed Use
Borough:
Brooklyn
Neighborhood:
gravesend
Listed Date:
Jul 30, 2025
Finished Sq Ft:
3,000
Year Built:
1931
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Interior
Exterior
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Current real estate data for Single Family in Brooklyn as of Oct 19, 2025
565
Single Family Listed
60
Avg DOM
1,286
Avg $ / SqFt
$1,856,578
Avg List Price
Community
- Address171 Avenue U Brooklyn NY
- NeighborhoodGravesend
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11223
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Property Summary
- 171 Avenue U Brooklyn NY is a Single Family for sale in Brooklyn, NY, 11223. It is listed for $2,650,000 and features 0 beds, 0 baths, and has approximately 3,000 square feet of living space, and was originally constructed in 1931. The current price per square foot is $883. The average price per square foot for Single Family listings in Brooklyn is $1,286. The average listing price for Single Family in Brooklyn is $1,856,578.

171 Avenue U
Brooklyn, NY