Sold for $1,573,000

$1,573,000

1248 Avenue U, Brooklyn, NY 11229

--beds

0baths

2,000sqft

Mixed Use

Built in 1927

2,000 Square Feet Lot

$1,484,900 Zestimate^®

$787/sqft

$3,807 Estimated rent

Home value

$1,484,900

$1.26M - $1.74M

$3,807/mo

Zestimate^® history

Owner options

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$3,807/mo

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$3,807/mo

Rent Zestimate^®

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$9,493/mo

Est. payment

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$9,493/mo

Est. payment

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What's special

Coney island avenue

Mix-use property, Prime location on Ave U in Sheepshead Bay. High traffic location between Coney Island Avenue and Ocean Avenue 3 blocks to express Q & B train. B3 bus conveniently stops on the same block. 1000 Sqft. Medical office (20x50) with full basement. Highly reliable tenants seeking new friendly owners to enjoy these long-term high income producing commercial tenant. ($ 7,102 per month, leased out to stable Eye Doctor office until February 2024 with additional 3 years option. Lease extension available and preferred. The 2nd floor residential 3 bedroom apartment rented $1900 per month with lease to April 2024. High return (min.6%+ cap rate) investment opportunity

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Natural Gas, Steam/Radiator

Appliances

Included: Gas Water Heater

Features

Flooring: Hardwood
Basement: Full,Unfinished

Interior area

Total structure area: 2,000
Total interior livable area: 2,000 sqft

Property

Parking

Parking features: Street, None
Has uncovered spaces: Yes

Features

Stories: 2

Lot

Size: 2,000 Square Feet
Dimensions: 20x100
Features: Back Yard

Details

Foundation area: 1000
Parcel number: 073450008
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: 1927

Utilities & green energy

Electric: Circuit Breakers

Community & HOA

Community

Subdivision: Brooklyn

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $787/sqft
Tax assessed value: $1,094,000
Annual tax amount: $8,845
Date on market: 10/3/2022
Cumulative days on market: 100 days
Total actual rent: 9002

Price history

Date	Event	Price
9/22/2023	Sold	$1,573,000-1.6%$787/sqft
Source: BNYMLS #466959 Report a problem
1/11/2023	Pending sale	$1,599,000$800/sqft
Source: BNYMLS #466959 Report a problem
10/3/2022	Listed for sale	$1,599,000+350.4%$800/sqft
Source: BNYMLS #466959 Report a problem
3/14/1996	Sold	$355,000$178/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,954 -0.5%	$65,640 +4.6%
2024	$9,999	$62,760 +12%
2023	--	$56,040 +8.5%
2022	--	$51,660 +3%
2021	--	$50,160 -17%
2020	$8,848 +0.8%	$60,420 -5%
2019	$8,781 +7.3%	$63,600 +62.5%
2018	$8,187 +8.8%	$39,139 +6%
2017	$7,527 +10.5%	$36,924 +6%
2016	$6,812	$34,836
2015	$6,812 +62.1%	$34,836 +0.8%
2014	$4,201	$34,572