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Sold for $1,600,000
  • $1,600,000

    1247 Avenue U, Brooklyn, NY 11229

    --beds
    3,900sqft
    Mixed Use
    Built in 1928
    2,100 Square Feet Lot
    $1,826,800 Zestimate®
    $410/sqft
    $4,392 Estimated rent

    Home value

    $1,826,800

    $1.64M - $2.05M

    $4,392/mo

    Zestimate® history
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    What's special

    Welcome to this remarkable mixed-use building located in the neighborhood of Homecrest. Spanning three stories with two residential units situated above a spacious retail store. Each residential unit features 3 bedrooms, 1 bathroom, and large living rooms, ideal for comfortable living. The entire building has undergone renovation just a few years ago, ensuring that all aspects of the property are up-to-date. The retail store occupies a full-sized space, measuring 20x100, providing abundant room for various business ventures. Building size 20x100 over Lot size 20x105. Annual property tax $12,740. The location offers easy access to a variety of amenities, including shops, restaurants, schools, and public transportation options (Q train, B3, and B68 buses). Don't miss the opportunity to own this well-maintained mixed-use building. Whether you're an investor seeking an income-generating property or a business owner looking for a prime retail space, this property has it all!

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Wu 917-916-2368,

    RE/MAX Edge

    Source: BNYMLS,MLS#: 474667MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 3
    • 1/2 bathrooms: 3
    Heating
    • Natural Gas, Hot Water
    Appliances
    • Included: Gas Water Heater
    Features
    • Flooring: Hardwood, Tile, Other
    • Doors: Doors - 10 ft and under
    • Basement: Full
    Interior area
    • Total structure area: 3,900
    • Total interior livable area: 3,900 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 3
    Lot
    • Size: 2,100 Square Feet
    • Dimensions: 20x105
    • Features: Irregular Lot
    Details
    • Foundation area: 2000
    • Parcel number: 073170041
    • Zoning: R5
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Flat
    Condition
    • Year built: 1928

    Utilities & green energy

    • Electric: 110 V

    Community & HOA

    Community
    • Subdivision: Brooklyn
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $410/sqft
    • Tax assessed value: $1,770,000
    • Annual tax amount: $12,740
    • Date on market: 6/13/2023
    • Cumulative days on market: 528 days

    Price history

    DateEventPrice
    10/6/2023Sold$1,600,000-34.7%$410/sqft
    Source: BNYMLS #474667 Report a problem
    7/18/2023Pending sale$2,450,000$628/sqft
    Source: BNYMLS #474667 Report a problem
    6/13/2023Listed for sale$2,450,000+2.9%$628/sqft
    Source: BNYMLS #474667 Report a problem
    6/8/2023Listing removed--
    Source: BNYMLS #458669 Report a problem
    2/2/2022Price change$2,380,000-4.8%$610/sqft
    Source: BNYMLS #434447 Report a problem
    1/31/2022Price change$2,500,000+5%$641/sqft
    Source: BNYMLS #458669 Report a problem
    2/26/2020Pending sale$2,380,000$610/sqft
    Source: EXIT Realty Professionals #434447 Report a problem
    11/1/2019Listed for sale$2,380,000+155.9%$610/sqft
    Source: EXIT Realty Professionals #434447 Report a problem
    10/30/2013Sold$930,000+178.9%$238/sqft
    Source: Public Record Report a problem
    7/29/1997Sold$333,500$86/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,970 +4.7%$106,200 -5.2%
    2024$13,340 $112,020 +13.2%
    2023-- $99,000 +8.5%
    2022-- $91,260 +12.9%
    2021-- $80,820 +1.6%
    2020$12,419 +6%$79,560
    2019$11,716 +6.1%$79,560 +50.7%
    2018$11,041 +3.6%$52,780 +1%
    2017$10,656 +5.7%$52,276 +1.4%
    2016$10,078 $51,540 +3%
    2015$10,078 +109.2%$50,052 +32.3%
    2014$4,817 $37,842
    Find assessor info on the county website

    Neighborhood: Sheepshead Bay

    Nearby schools

    GreatSchools rating