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$4,000,000
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Property Description
Located in the heart of the busy Avenue U corridor just off Coney Island Avenue, this rare mixed-use opportunity is being sold as a package - 1118-1120 Avenue U - and offers exceptional value in a thriving commercial and residential zone. The offering includes two fully renovated buildings with a combined lot size of 36' x 100' and a building footprint of 36' x 50' per floor. Zoned R5 / C1-3, the property features two stories plus two residential units. The ground floor consists of a spacious, open-layout retail space currently used as a nail salon, featuring high ceilings, granite tile flooring, and four modern bathrooms. A finished basement with high ceilings provides additional functional space for storage, workspace, or private events. The second floor houses an updated two-bedroom apartment with a twin-key setup, offering flexibility for multi-family use or strong rental income. The apartment is in excellent, move-in-ready condition. This high-visibility location is surrounded by major retail and service amenities and is just steps from the Q subway line, offering both convenience and consistent foot traffic - a prime opportunity for investors and end-users alike.
Full Property Details
Full Property Details for 1118 Avenue U
General
- Price: $4,000,000
- Taxes: $8,498
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 852899
- Updated: 12/1/2025
- Added to Site: 342 day(s) ago
Business
- Business Type: Mixed
Location
- County: Kings (Brooklyn)
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Other
- Water: Other
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Building Size: 2700
- Square Feet: 2,700
- Year Built: 1927
Lot Features
- Lot Size (Acres): 0.0413
- Lot Size (Sq. Ft.): 1,800
Financial Considerations
- Tax Amount: $8,498.16
Disclosures and Reports
- Special Conditions: None
- Property ID: 07343-0007
Listed by RE/MAX Edge
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Schools
Schools serving 1118 Avenue U
School District:New York City Geographic School District 21
| Name | Grades | Distance |
|---|---|---|
Ps 153 Homecrest 1970 Homecrest Avenue, Brooklyn, NY 11229 | PK-5 | 0.2 mi |
Jhs 234 Arthur W Cunningham 1875 East 17th Street, Brooklyn, NY 11229 | 6-8 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1118 Avenue U
Date
Details
Price
Change
Source
4/24/2025
Listed
$4,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1118 Avenue U
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,746
3%
$43,546
-34%
2024
$8,498
6%
$66,120
13%
2023
$8,017
—
$58,440
8%
2022
$8,019
-50%
$53,880
3%
2021
$16,190
111%
$52,260
-17%
2020
$7,681
3%
$62,940
-5%
2019
$7,463
11%
$66,240
99%
2017
$6,707
—
$33,264
1%
2017
$6,707
5%
$32,904
3%
2016
$6,408
8%
$32,054
6%
2015
$5,913
11%
$30,240
3%
2014
$5,320
7%
$29,383
6%
2013
$4,992
—
$27,720
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1118 Avenue U
1118 Avenue U, Brooklyn, NY 11223 (MLS# 852899) is a Commercial property. 1118 Avenue U is currently listed for $4,000,000 and was received on April 24, 2025. Want to learn more about 1118 Avenue U? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

