This mixed-use property in Sheepshead Bay, Brooklyn, boasts a prime location on Avenue U, strategically situated between Coney Island Avenue and Ocean Avenue

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Sheepshead Bay

1248 Avenue U, Brooklyn, NY 11229

This mixed-use property in Sheepshead Bay, Brooklyn, boasts a prime location on Avenue U, strategically situated between Coney Island Avenue and Ocean Avenue. The building benefits from high foot traffic, making it an attractive spot for both commercial and residential purposes. With the express Q and B subway lines just three blocks away and a B3 bus stop conveniently located on the same block, accessibility is a key feature of this property. The commercial space encompasses a spacious 1,000 square feet medical office, complemented by a full basement, providing ample room for operations. Current tenants include a reputable eye doctor’s office, ensuring a steady income stream with a lease extending through February 2024, along with an option for a three-year extension. Additionally, the second floor houses a three-bedroom residential apartment, currently leased at $1,900 per month, further enhancing the property’s appeal as a solid investment opportunity with a minimum cap rate of 6%+.

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Sheepshead Bay

1248 Avenue U, Brooklyn, NY 11229

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