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

Brooklyn, NY, 11223
$ 4,000,000
Bedrooms-- Baths-- Sq 3,403

Monthly Estimate*

$ 24,629

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Commercial Property for sale in Brooklyn, NY

for $4,000,000. This 3,403 square foot building was built on a lot size of 0.073462.

A fully renovated commercial gem in the heart of Avenue U’s thriving business district, this former Spanish restaurant offers an exceptional opportunity for investors, developers, or owner-users seeking a turnkey property with outstanding potential. Situated on a 41 ft x 83 ft lot with R6A zoning and a C1-4 commercial overlay, the site allows for flexible usage and excellent future development possibilities, with a max residential FAR of 3.0. The main level boasts soaring ceilings and a wide-open layout, ideal for a variety of commercial purposes including retail, office, medical, or event space. The fully finished basement, featuring 10-ft ceilings, was previously used as a private event area, further enhancing the building’s versatility. Completely gut renovated from top to bottom, the property includes a commercial kitchen setup, brand-new central A/C, updated electric and plumbing systems, and beautiful new flooring throughout. Move-in ready and offering incredible visibility, this location benefits from high foot traffic and is surrounded by a dense residential population. Minutes to Ocean Parkway and the Q Train, and in close proximity to McDonald’s, major banks, and numerous local businesses, this is a rare Avenue U opportunity that combines prime location, immaculate condition, and significant upside potential.

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Commercial Active

Price

$ 4,000,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial

Lot Size

0.073462

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

492143

Features
General
Equipment Included N/A
Ceiling Height Other
Roof Rubber
current use Restaurant Other
Zoning R6A
Electric 200 Amp
Property Type Commercial
Block 7135
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Attached
Status Active
Construction Materials Brick
Cumulative Days on Market 298
MLS Area Homecrest
Sub Type Commercial
City Brooklyn
DOM 298
Public Remarks A fully renovated commercial gem in the heart of Avenue U’s thriving business district this former Spanish restaurant offers an exceptional opportunity for investors developers or owner-users seeking
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Interior
Heating Fuel Gas
Walls Other
Flooring Hardwood Other
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Exterior
Exterior Brick
Foundation Block
Parking Attrib Other
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Re/Max Edge

Broker

(646) 937-2188

Phone

Affordability Calculator

$24,629
Per Month
100%
0%
0%
Monthly Principal & Interest
$24,629
Monthly Property Taxes
--
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
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2025$4,000,000 Listed Price

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816 Avenue U, Brooklyn, NY, 11223 is a Commercial Property for sale at $4,000,000 with 3,403 sqft and a lot size of 0.073462. The property's zip code is 11223 which is in Brooklyn, NY