$1,599,000
Updated 3 years ago
Sold

1248 Ave U

Sheepshead Bay, Brooklyn | Homecrest Ave & East 13th Street

2,000 Square FeetMixed Use

$1,599,000
floors / apts2 / 1
Lot Size20'x100'
Built Size20'x50'
ZoneR5
Building TypeLow-Rise
RE Taxes$8,845
Price Per SF
$800

This property was sold for $1,573,000 on 09/22/23.

Building Amenities

  • Voice Intercom

Property Description for 1248 Ave U

Mix-use property, Prime location on Ave U in Sheepshead Bay. High traffic location between Coney Island Avenue and Ocean Avenue 3 blocks to express Q & B train. B3 bus conveniently stops on the same block. 1000 Sqft. Medical office (20x50) with full basement. Highly reliable tenants seeking new friendly owners to enjoy these long-term high income producing commercial tenant. ($ 7,102 per month, leased out to stable Eye Doctor office until February 2024 with additional 3 years option. Lease extension available and preferred. The 2nd floor residential 3 bedroom apartment rented $1900 per month with lease to April 2024. High return (min.6%+ cap rate) investment opportunity

Listing History for 1248 Ave U

Now
09/22/2023
$1,573,000
Sold and Closed by Priscilla Tran
Momentum Real Estate
01/11/2023
Contract Signed by Priscilla Tran
Momentum Real Estate

Building Details for 1248 Ave U

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1927
Floors/Apts2/1
Learn More About the Building

Contact Agent

Contact Agent

Priscilla Tran
Momentum Real Estate
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 88225TH