6
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$1,998,000
Est. payment /mo
1,820 Sqft Lot
New
196 Highlawn AVE Brooklyn, NY 11223
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Gravesend
MLS Listing ID 1067986
Rental Info No
Year Built 1931
Annual Tax Amount $17,156
Lot Size 1,820 Sqft
Acres 0.0418
Property Sub-Type Mixed Use
Source onekey2
Property Description
Income-Producing Mixed-Use Property | Free-Market Rental Upside | Steps to Kings Highway N Train
An attractive mixed-use investment opportunity in Brooklyn's established Gravesend neighborhood, ideally positioned just one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Offering approximately 3,200 SF of building space across two stories on a 1,820 SF lot, the property features three ground-floor commercial spaces and two second-floor residential apartments, currently generating approximately $120,459 in annualized gross rental income.
The ground floor is occupied by a deli store, dental office, and thrift store, providing a diversified commercial tenant mix. The second floor features two free-market residential apartments, each configured with two bedrooms, a living area, kitchen, and bathroom. With all five units currently rented, the property offers an established rental income stream, while the free-market residential units provide potential for future rental growth and long-term investment upside.
Additional features include a garage, five electric meters, and two gas meters, providing practical utility management and added convenience for long-term ownership.
Situated near Kings Highway's established shopping and dining corridor, the property benefits from a convenient neighborhood setting with nearby restaurants, retail businesses, supermarkets, and local bus transportation.
An attractive mixed-use investment opportunity in Brooklyn's established Gravesend neighborhood, ideally positioned just one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Offering approximately 3,200 SF of building space across two stories on a 1,820 SF lot, the property features three ground-floor commercial spaces and two second-floor residential apartments, currently generating approximately $120,459 in annualized gross rental income.
The ground floor is occupied by a deli store, dental office, and thrift store, providing a diversified commercial tenant mix. The second floor features two free-market residential apartments, each configured with two bedrooms, a living area, kitchen, and bathroom. With all five units currently rented, the property offers an established rental income stream, while the free-market residential units provide potential for future rental growth and long-term investment upside.
Additional features include a garage, five electric meters, and two gas meters, providing practical utility management and added convenience for long-term ownership.
Situated near Kings Highway's established shopping and dining corridor, the property benefits from a convenient neighborhood setting with nearby restaurants, retail businesses, supermarkets, and local bus transportation.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage
Utilities Available Cable Available, Electricity Connected, Sewer Connected
Total Parking Spaces 1
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 215 Morris H Weiss
Middle Schools Is 228 David A Boody
High Schools Brooklyn 21
School District Brooklyn 21
Others
Special Listing Condition None
Listed by B Square Realty • Li Li
NEARBY SCHOOL & BUSINESS
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