7201 20th AVE, Brooklyn, NY 11204
7201 20th AVE, Brooklyn, NY 11204
7201 20th AVE, Brooklyn, NY 11204
7201 20th AVE, Brooklyn, NY 11204
7201 20th AVE, Brooklyn, NY 11204
7201 20th AVE, Brooklyn, NY 11204
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 2,750,000
Est. payment | /mo

5,400 SqFt

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$ 2,750,000
Est. payment | /mo
Save

5,400 SqFt

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,400 sqft

Price per Sqft $509

MLS Listing ID 500312

Year Built 1927

Annual Tax Amount $36,349

Property Sub-Type Mixed Use

Property Description

Presenting a rare opportunity to acquire a fully free-market, income-producing mixed-use property in the heart of Bensonhurst. This well-maintained building features five spacious residential units, each configured as 2-bedroom apartments, along with one ground-floor retail space, offering strong and diversified income potential.

Each residential unit is generously sized, providing comfortable layouts that appeal to long-term tenants. All apartments are free market, allowing for continued rental growth and flexibility. Tenants are responsible for their own heat, electricity, and cooking gas, significantly reducing owner expenses and increasing net operating income.

The property has been thoughtfully updated with brand new boilers and individual hot water heaters for each unit, ensuring efficiency, reliability, and reduced maintenance concerns for years to come.

With a gross cap rate of 6.3% and a net cap rate of 4.3%, this asset presents a solid return in one of Brooklyn's most established and high-demand neighborhoods.

Located on a busy corridor along 20th Avenue, the property benefits from excellent foot traffic, strong retail visibility, and convenient access to transportation, shopping, and dining—making it highly attractive for both residential and commercial tenants.

This property offers a compelling combination of stable income, upside potential, and prime Brooklyn location.

Location

State NY

County Kings (brooklyn)

Area Bensonhurst

Zoning R5

Rooms

Basement Full, Unfinished

Interior

Interior Features Fire - Smoke Alarm, Kitchen, Living Space Available

Hot Water Gas, Other

Heating Gas, Other

Flooring Hardwood, Tile

Heat Source Gas, Other

Exterior

Exterior Feature Brick

Roof Type Asphalt/Tar,Flat,Other

Building

Story 3

Foundation Slab Concrete, Other

Others

Energy Description Gas,Other

Financing Bank Mortgage,Cash

Listed by Real Broker NY LLC

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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7201 20th AVE

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