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120 Avenue T

BROOKLYN, NY 11223
  • $1,975,000
  • STATUS: Active
  • ON SITE: 235 Days
  • MLS #: 491033
Price Reduced
UPDATED: 22 min ago
$1,975,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,200
    SQFT
  • $617
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1931
Area:

School Ratings & Info

Description

INVESTMENT OPPORTUNITY: Mixed-Use Property in Prime Brooklyn LocationThis fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhurst area of Brooklyn. The property features a strategic combination of residential and commercial spaces designed to maximize rental income potential.PROPERTY SPECIFICATIONS:• Building Type: Semi-attached brick construction• Configuration: Mixed-use with residential and retail components• Total Units: Four income-generating spaces• Basement: Semi-finished with expansion potentialRESIDENTIAL COMPONENT:• Two well-appointed 2-bedroom apartments on second floor• Large balcony feature enhancing tenant appeal• Fully renovated living spaces with modern finishes• Combined monthly rental income: $6,000COMMERCIAL COMPONENT:• Two ground-floor retail spaces• Store 1: $3,000 monthly rent• Store 2: $3,500 monthly rent• Street-level visibility in high-traffic corridorRECENT IMPROVEMENTS:• Complete renovation from foundation to roof• Updated electrical and plumbing systems throughout• Modern LED lighting installation• New windows and doors• Contemporary appliances• Basement infrastructure upgrades including new boiler and water heater• Roof replacementFINANCIAL PERFORMANCE:• Gross Monthly Income: $12,500• Diversified revenue streams across residential and commercial tenants• Established rental rates reflecting current market conditions• Strong cash flow generation from fully occupied property

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© 2025 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2025-12-14T00:00:17.9.
www.remaxedgenyc.com/homes/162832436
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120 Avenue T BROOKLYN, NY 11223

  • Price: $1,975,000
  • Status: Active
  • On Site: 235 Days
  • Updated: 22 min ago
  • MLS #: 491033
0
Beds
0
Baths
0
½ Baths
0.04
Acres
3,200
SQFT
$617
$/SQFT
1931
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Gravesend
Property Description
INVESTMENT OPPORTUNITY: Mixed-Use Property in Prime Brooklyn LocationThis fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhurst area of Brooklyn. The property features a strategic combination of residential and commercial spaces designed to maximize rental income potential.PROPERTY SPECIFICATIONS:• Building Type: Semi-attached brick construction• Configuration: Mixed-use with residential and retail components• Total Units: Four income-generating spaces• Basement: Semi-finished with expansion potentialRESIDENTIAL COMPONENT:• Two well-appointed 2-bedroom apartments on second floor• Large balcony feature enhancing tenant appeal• Fully renovated living spaces with modern finishes• Combined monthly rental income: $6,000COMMERCIAL COMPONENT:• Two ground-floor retail spaces• Store 1: $3,000 monthly rent• Store 2: $3,500 monthly rent• Street-level visibility in high-traffic corridorRECENT IMPROVEMENTS:• Complete renovation from foundation to roof• Updated electrical and plumbing systems throughout• Modern LED lighting installation• New windows and doors• Contemporary appliances• Basement infrastructure upgrades including new boiler and water heater• Roof replacementFINANCIAL PERFORMANCE:• Gross Monthly Income: $12,500• Diversified revenue streams across residential and commercial tenants• Established rental rates reflecting current market conditions• Strong cash flow generation from fully occupied property
Exterior Features

Building Length 80.00 Building Width 20.00 Commercial Features Exterior Doors - 10 ft and under Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 80 Lot Size Width 20 Parking Attributes 1 SpaceBuilt-In Garage Parking Feature Other Roof Flat Water Front Present No Yard None

Interior Features

Basement Amenities Semi-Finished Building Footprint Sq Ft 1600 Ceiling Height 11-15 Foot Commercial Features Interior Lobby Flooring CeramicLaminate Foundation Details Poured Concrete Heat Delivery Steam/Radiator Lavatories 4+ Walls Sheet Rock

Property Features

Block 7096 Certificate Of Occupancy YN 1 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name W 9 St Cross Street Name2 W 10 St Electric 110 V220 V Financing 1031 ExchangeBank MortgageCash Fuel Expense 5000.00 Gross Income 150000 Handicap Access Yes Heating Fuel Gas Hot Water Gas Lot Number 10 Lot Size Irregular YN 0 Number Of Families 2 Number Of Stores 2 Property Sub Type Mixed Use Property Type Mixed Use Rent Income 150000 Sale Type Arm's Length Tax Amount 23940.00 Transaction Type Sale Utility Expense 300.00 Zoning R5B

Listing information © 2025 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Superior Realty Service: (347) 554-8282.


© 2025 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2025-12-14T00:00:17.9.
 
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