1118 Avenue U Brooklyn, NY $ 4,000,000
1118 Avenue U
$ 4,000,000
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1118 Avenue U

Brooklyn, NY, 11223
$ 4,000,000
Bedrooms-- Baths-- Sq 2,700

Monthly Estimate*

$ 24,629

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Commercial Property for sale in Brooklyn, NY

for $4,000,000. This 2,700 square foot building was built in 1927 on a lot size of 0.0413.

Located in the heart of the busy Avenue U corridor just off Coney Island Avenue, this rare mixed-use opportunity is being sold as a package — 1118–1120 Avenue U — and offers exceptional value in a thriving commercial and residential zone. The offering includes two fully renovated buildings with a combined lot size of 36’ x 100’ and a building footprint of 36’ x 50’ per floor. Zoned R5 / C1-3, the property features two stories plus two residential units. The ground floor consists of a spacious, open-layout retail space currently used as a nail salon, featuring high ceilings, granite tile flooring, and four modern bathrooms. A finished basement with high ceilings provides additional functional space for storage, workspace, or private events. The second floor houses an updated two-bedroom apartment with a twin-key setup, offering flexibility for multi-family use or strong rental income. The apartment is in excellent, move-in-ready condition. This high-visibility location is surrounded by major retail and service amenities and is just steps from the Q subway line, offering both convenience and consistent foot traffic — a prime opportunity for investors and end-users alike.

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Commercial Active

Price

$ 4,000,000

Property Type

Commercial

Taxes

$ 8,498

Style

Mixed Use

Lot Size

0.0413

Year Built

1927

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

852899

Features
General
Sewer Other
Heating Natural Gas
Cooling None
Utilities See Remarks
Construction Materials Brick
Year Built 1927
Property Subtype Mixed Use
Tax Year 2024
Parcel Number 07343-0007
Gross Income 150000
Business Type Mixed
County Kings (Brooklyn)
Property Type Commercial Sale
Directions Use GPS
City New York
Property Attached Y/N Y
Tax Annual Amount 8498.16
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 66120
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Interior
Basement Finished Full
Basement Features Finished Full
Basement (Y/N) Y
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Exterior
Water Source Other
Building Area Total 2700
Waterfront Y/N N
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Internal Only
Street Number 1 1118
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* Excluded Features
List By
Michelle J. Zhang

Listing Agent

Re/Max Edge

Broker

718-288-3835

Contact

Affordability Calculator

$25,337
Per Month
97%
3%
0%
Monthly Principal & Interest
$24,629
Monthly Property Taxes
$708
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2025$4,000,000 Listed Price

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1118 Avenue U, Brooklyn, NY, 11223 is a Commercial Property for sale at $4,000,000 with 2,700 sqft and a lot size of 0.0413. 1118 Avenue U was built in 1927. The property's zip code is 11223 which is in Brooklyn, NY