20 Avenue T - Apartments FOR SALE


Brooklyn, NY 11223- Gravesend
$1,695,000 USD
516-459-1012
20 Avenue T, Brooklyn, NY for Sale
$1,695,000 USD
Apartments - FOR SALE
1/14
null | 6.5% Cap Rate

NEW


20 Avenue T
Brooklyn, NY 11223
Gravesend


HIGHLIGHTS

  • Free Market
  • Delivered Vacant
  • Fully Renovated
  • Low Expenses
  • Turn-Key

OVERVIEW

Turn-key and meticulously maintained, 20 Avenue T is a fully renovated mixed-use property delivered vacant, offering immediate flexibility for investors or end users alike. The property features a ground-floor commercial space with direct access to a private backyard and full basement with 7'2" ceiling height. Above, two fully renovated, free-market one-bedroom apartments provide strong rental appeal and efficient layouts. With low operating expenses and high rental potential, the property projects to a cap rate over 6.5% upon stabilization. Updated building systems. All units direct metered. Positioned at the crossroads of Gravesend and Bensonhurst, the building sits on a quiet residential block just moments from the vibrant 86th Street commercial corridor. Transportation is exceptional: the D train at 25th Avenue/86th Street is just a half block away, the N train at Avenue T & West 9th Street is approximately a 6-minute walk, and the B1, B3, and B4 buses are all within a half block. Neighborhood highlights include nearby shopping, restaurants, and local favorites such as L&B Spumoni Gardens just two blocks away. A rare opportunity to acquire a fully vacant, income-producing asset in one of South Brooklyn's most established and transit-accessible neighborhoods.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$831 USD /SF

# OF UNITS

3

PRICE/UNIT

$565,000

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,750 SF

ZONING

R5B

APN/PARCEL ID

07092-0009

ASK ABOUT THIS PROPERTY

Chris DelCoreCorcoranMore Info
516-459-1012

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Chris DelCoreCorcoranMore Info
516-459-1012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.