Ad #7849879
MLS #502747
Prime Mixed-Use Corner Investment Opportunity in the Heart of
203 Ave U, Brooklyn, NY 11223
$2,950,000
--Beds
--Baths
8,500Sqft
0.05Acres
About this property
Prime Mixed-Use Corner Investment Opportunity in the Heart of Gravesend! Don't miss this exceptional mixed-use property located on bustling Avenue U in the heart of Gravesend, Brooklyn. This well-maintained building sits on a 20*100 lot with a full 20*100 building footprint and features 2 ground-floor commercial units plus 6 residential apartments. The residential portion consists of 9 total bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), offering immediate rental flexibility, while the remaining four units are rent-stabilized, providing stable, reliable income with long-term upside potential. One of the corner commercial spaces is currently vacant, presenting an excellent opportunity for an owner-user to establish their business in a highly visible location or for an investor to lease the space at market rent and maximize the property's income potential. Based on full occupancy, the property offers a projected annual net operating income of approximately $176,877, representing an attractive approximately 6% projected cap rate. Ideally situated along the vibrant Avenue U commercial corridor, the property benefits from outstanding visibility, heavy foot traffic, and close proximity to shopping, restaurants, schools, and public transportation. Whether you're looking to occupy the corner retail space, expand your investment portfolio, or acquire a high-performing mixed-use asset with value-add potential, this is a rare opportunity in one of Brooklyn's most sought-after neighborhoods.
Property Features
0 Beds
0 Baths
8,500 Sqft
Built in 1928
0.05 Acres
4 Stories
Siding: Brick
Flat Roof
$65,406 / yr property tax
Kings County
Additional Photos
Contact Information
Hang (Tyler) Chen
Tiger Realty
917-708-9966
Location
Listing Agent: Hang (Tyler) Chen 917-708-9966
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 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.
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 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.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$2,950,000
--
Beds
--
Baths
8,500
Sqft
203 Ave U, Brooklyn, NY 11223
By contacting this agent you agree to these Terms and Conditions.
MLS# 502747
Prime Mixed-Use Corner Investment Opportunity in the Heart of
$2,950,000
203 Ave U, Brooklyn, NY 11223
--
Beds
--
Baths
8,500
Sqft
0.05
Acres
$2,950,000
203 Ave U, Brooklyn, NY 11223
-- Beds
-- Baths
8,500 Sqft
0.05 Acres
Prime Mixed-Use Corner Investment Opportunity in the Heart of Gravesend! Don't miss this exceptional mixed-use property located on bustling Avenue U in the heart of Gravesend, Brooklyn. This well-maintained building sits on a 20*100 lot with a full 20*100 building footprint and features 2 ground-floor commercial units plus 6 residential apartments. The residential portion consists of 9 total bedrooms and 6 bathrooms. Two apartments are market-rate (unregulated), offering immediate rental flexibility, while the remaining four units are rent-stabilized, providing stable, reliable income with long-term upside potential. One of the corner commercial spaces is currently vacant, presenting an excellent opportunity for an owner-user to establish their business in a highly visible location or for an investor to lease the space at market rent and maximize the property's income potential. Based on full occupancy, the property offers a projected annual net operating income of approximately $176,877, representing an attractive approximately 6% projected cap rate. Ideally situated along the vibrant Avenue U commercial corridor, the property benefits from outstanding visibility, heavy foot traffic, and close proximity to shopping, restaurants, schools, and public transportation. Whether you're looking to occupy the corner retail space, expand your investment portfolio, or acquire a high-performing mixed-use asset with value-add potential, this is a rare opportunity in one of Brooklyn's most sought-after neighborhoods.
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Property Details
HOME DETAILS
0 Beds
0 Baths
8,500 Sqft
Built in 1928
0.05 Acres
4 Stories
EXTERIOR
Siding: Brick
Flat Roof
FINANCIAL & COMMUNITY
$65,406 / yr property tax
Kings County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7849879
Viewed
59 times
Listing Status
Active
Added
Jul 03, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
502747
Listing Agent: Hang (Tyler) Chen 917-708-9966
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 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.
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 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.
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