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An incredible investment and business opportunity awaits you in the heart of the bustling Avenue U corridor, just off Coney Island Avenue — one of Brooklyn’s most desirable commercial zones. This rare package deal includes 1115 and 1117 Avenue U, offering two fully renovated mixed-use buildings that combine retail, office, and residential components in one unbeatable offering. Together, the properties sit on a 40 ft x 100 ft lot and feature a combined building size of 40 ft x 62 ft, with excellent zoning (R5/C1-3) for a variety of uses. 1115 Avenue U features a beautifully maintained retail storefront (currently a nail salon) with high ceilings, granite tile flooring, four modern bathrooms, and a fully finished basement with high ceilings—ideal for extra workspace, events, or storage. Upstairs is a spacious, updated two-bedroom apartment in excellent condition with a flexible “twin-key” layout perfect for multi-family use, rental income, or an owner-user. 1117 Avenue U, also fully renovated, is currently operated as a professional office space for home care, insurance, and medical services. Its finished basement adds an additional 2, 480+ sq. ft. of high-quality space. The second floor across both buildings houses four residential units, each with two bedrooms. All mechanical systems have been updated, including brand-new electric, gas meters, and heating systems, making this a truly turnkey opportunity. Ideally located near the Q Train, McDonald's, TD Bank, schools, restaurants, and community amenities, this high foot-traffic location is perfect for business operations, residential tenants, or investors seeking a stable, cash-flowing asset in a rapidly appreciating area. Whether you're looking to invest or occupy, this rare Avenue U package offers immediate value and long-term potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,200,000 | $3,200,000 | $3,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $753 | $753 | $753 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,169 | $20,490 | $27,003 |
Total Monthly Payment | $19,047 | $21,368 | $27,881 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.