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31152754
31152771

20 Avenue T, Brooklyn, NY 11223

CD
NY 10301223018
Corcoran Chelsea/Flatiron
Listed by Corcoran Chelsea/Flatiron
$1,695,000
81 days on market
Updated 72 days ago

20 Avenue T

Details
APN 07092-0009
Property Type Mixed Use
Sub Type Multi-Family
Square Footage 2,318
Units 3
Tenancy Vacant
Pro-Forma Cap Rate 6.29%
Pro-Forma NOI $106,592
Year Built 1931
Year Renovated 2025
Stories 2
Lot Size (SqFt) 1,750
Zoning R5B, 28c

Free Market | Delivered Vacant | Low Expenses | Fully Renovated

Marketing description

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.

Investment highlights

Free Market | Delivered Vacant | Low Expenses | Fully Renovated

Listing Contacts

CD
NY 10301223018
Corcoran Chelsea/Flatiron
Listed by Corcoran Chelsea/Flatiron

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Additional Information

Name
Chris DelCore
License
10301223018
Brokerage
The Corcoran Group
Brokerage Phone
(212) 444-7800
Title
Associate Real Estate Broker
Brokerage Address
220 West 19th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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