Listing courtesy of Corcoran Group (212) 355-3550
20 AVE T, #BLDG, Brooklyn, (Gravesend), NY, 11223
6 rooms
2 beds
2 Full / 1 Half baths
1931
Walk-Up
2,318 sqft
6.5% Projected 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 6% upon stabilization.
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.
Please reach out directly for financial information, questions, or to schedule a tour.
Status:
Active
Town:
Brooklyn
Type:
Condo/Coop
Laundry Remarks:
Building None
Units:
2
Cooling:
Ductless
Basement:
Other
Levels:
2
Common Charge:
$1 Monthly
HOA Fee
$1
Current Use
Investment
View Description:
Other
Pet Policy:
Building No, No
MLS #:
RLS20090841
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