$1,450,000

20 Avenue T, Brooklyn, Ny 11223

  • 2 Beds
  • 3 Baths
  • 2,318 Sqft
  • 1,750 Sqft lot
  • Updated: Today
  • MLS#24069325

About the Property

7.4% Cap Rate - Free Market & Delivered Vacant

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 re
7.4% Cap Rate - Free Market & Delivered Vacant

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 7.35% 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.
…
  • Property type

    Other

  • Year built

    1931

  • Price/sqft

    $625

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20 Avenue T, Brooklyn, NY 11223, New York, New York, United States View on Google Maps
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Chris Delcore Chris Delcore background
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Chris Delcore
New York, United States
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Chris Delcore Chris Delcore background
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2024
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Corcoran Chelsea/Flatiron
Corcoran Chelsea/Flatiron
220 W 19th St Fl 5, 10011, New York, New York, United States
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Last updated
Today
First listed
October 29
Listing reference
bldszt
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