Check Availability
$1,999,000
House - For Sale

1823 Avenue U

Sheepshead Bay, NY 11229
bedrooms
Studio
bathrooms
0 Bath
$9,816
Estimated Monthly
$0
HOA / Fees

About This Property

Discover the perfect investment opportunity in this exceptional mixed-use property located in the thriving Avenue U business district of Sheepshead Bay. This property features an attractive combination of 3 commercial stores and 2 residential units. The residential units both consist of 1-bedroom, 1-bathroom apartments, offering comfortable living spaces for potential tenants. The commercial storefronts are currently rented out, ensuring a steady income stream from established businesses. The property's basement serves as a functional warehouse, providing ample storage space. This property presents an excellent opportunity to tap into the business scene of Avenue U. Its location is a strong demand for both residential and commercial owners. Access to various stores and public transport nearby. Don't miss out on the chance to own this exceptional mixed-use property in Sheepshead Bay, where business potential and residential convenience come together.
Unit Size
-
Days on Market
166 days
Land Size
0.03 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925
Listed By
Last updated: 5 months ago (OneKey MLS #ONE3516867)

Price History

Date / Event Date Event Price
Nov 16, 2023 Listed by RE/MAX Edge $1,999,000
Listed by RE/MAX Edge
Sep 22, 2023 Price Decreased $1,999,000
↓ $81K (3.9%)
Price Decreased
Aug 4, 2023 Listed by Womcore LLC dba Remax Edge $2,080,000
Listed by Womcore LLC dba Remax Edge
Discover the perfect investment opportunity in this exceptional mixed-use property located in the thriving Avenue U business district of Sheepshead Bay. This property features an attractive combination of 3 commercial stores and 2 residential units. The residential units both consist of 1-bedroom, 1-bathroom apartments, offering comfortable living spaces for potential tenants. The commercial storefronts are currently rented out, ensuring a steady income stream from established businesses…
Feb 6, 2022 No longer available -
No longer available
Feb 5, 2022 Listed by DiTommaso Real Estate $2,500,000
Listed by DiTommaso Real Estate
Rare opportunity to own an investment property in the heart of Sheepshead Bay. Entire corner building for sale! Mixed Use/Commercial with 9% cap rate. Fully renovated and occupied building (total of 5 units). 3 commercial stores on 1st floor and two-1 bedroom apartments on 2nd floor. Low taxes, huge semi-finished basement. Must see to understand the value of this property! Call for more details The manager has listed the unit size as 2400 square feet.
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Property Highlights

Exterior Details

Property Information

Property Type: Business Opportunity
Property Sub Type: Mixed Use

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.03
Lot Size Square Feet: 1200
Lot Size Dimensions: 20x60
Location Details
Directions: Use GPS
County or Parish: Brooklyn

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Floor Count: 2
  • Total Unit Count: 5
  • Residential Unit Count: 2
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 1,200
  • Lot Size Depth Feet: 60
  • Lot Size Frontage Feet: 20
  • Building Depth: 60
  • Building Frontage: 20
  • Gross Building Area: 2,400

    Building Floor Area

  • Residential Building Floor Area: 1,300
  • Commercial Building Floor Area: 1,100
  • Retail Building Floor Area: 1,100

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 1
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: S9
  • Lot Type: 3
  • Land Use: 04
  • Irregular Lot Code: N
  • Proximity Code: 2
  • Extension Code: N

Neighborhood

  • Community District: 315
  • City Council District: 48
  • Police Precinct: 61
  • Fire Company: E246
  • Health Area: 8710
  • Sanitation District Borough: 3
  • Sanitation Subsection: 2C
  • School District: 22

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R5
  • Zoning Commercial Overlay 1: C1-3

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 7323
  • Lot: 41
  • Borough Block Lot: 3073230041

    Address

  • Full Address: 1823 Avenue U
  • Zip Code: 11229

Valuation

    Assessments Valuation

  • Assessed Total Value: $160,200
  • Assessed Land Value: $21,150

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$1,850,000 Jul 20, 2020
$1,850,000 Dec 7, 2020
-
Multifamily
6 Beds
6 Baths
-
$1,700,000 Jan 24, 2023
$1,700,000 Jun 14, 2023
$1,960/mo
House
5 Beds
5 Baths
3,272 ft²
$610/ft²
$1,997,500 Jan 19, 2023
$1,997,500 Mar 30, 2023
-
Multifamily
5 Beds
3 Baths
-
$1,650,000 Jan 29, 2020
$1,650,000 Jul 15, 2020
$708/mo
Condo
2 Beds
2 Baths
1,374 ft²
$1,452/ft²
$1,995,000 Mar 10, 2020
$1,995,000 Apr 24, 2021
$1,509/mo
Multifamily
11 Beds
7 Baths
-
$1,900,000 Sep 12, 2022
$1,900,000 May 1, 2023
$1,268/mo
Other
Loft
-
2,400 ft²
$833/ft²
$1,999,000 Aug 4, 2023
-
$1,910/mo
Other
Loft
-
2,080 ft²
$894/ft²
$1,860,000 Oct 13, 2023
-
$561/mo
Other
Loft
-
2,480 ft²
$726/ft²
$1,800,000 Jun 3, 2023
-
$588/mo
Commercial
Loft
-
-
$1,700,000 Aug 15, 2023
-
$567/mo
Townhouse
Stu
5 Baths
2,336 ft²
$843/ft²
$1,968,888 Sep 12, 2023
-
$681/mo
Townhouse
Stu
4 Baths
3,850 ft²
$494/ft²
$1,900,000 Oct 26, 2023
-
$1,089/mo

About Southern Brooklyn


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Frequently Asked Questions

When was property at 1823 Avenue U built and last sold?
The property at 1823 Avenue U was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1823 Avenue U is $2,018,990.
What are some comparable homes to 1823 Avenue U?
Homes that are comparable to 1823 Avenue U include a other property at 1823 Avenue U, 1819 Avenue U, 2218 Avenue U.

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