Prime Mixed-Use Investment Opportunity in the Heart of Brooklyn! 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 20Ã?100 lot with a full 20Ã?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.
![[Gravesend Real Estate, listing number 3344377]](https://www.vlshomes.com/images/full/3344377a.jpg)