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Single Family House for Sale in Brooklyn, New York, Brooklyn, NY 11223 | Web ID: 1068180 | $1,998,000

196 Highlawn Avenue , Brooklyn , NY 11223

 
Single Family in New York - Highlawn Avenue  Brooklyn, NY 11223Single Family Highlawn Avenue  Brooklyn, NY 11223, MLS-1068180-2Single Family Highlawn Avenue  Brooklyn, NY 11223, MLS-1068180-3Single Family Highlawn Avenue  Brooklyn, NY 11223, MLS-1068180-4Single Family Highlawn Avenue  Brooklyn, NY 11223, MLS-1068180-5Single Family Highlawn Avenue  Brooklyn, NY 11223, MLS-1068180-6
 

Property Description

Income-producing Mixed-use Property | Free-market Rental Upside | Steps To Kings Highway N Train An Attractive Mixed-use Investment Opportunity In Brooklyn's Established Gravesend Neighborhood, Ideally Positioned Just One Block From The Kings Highway Commercial Corridor And Less Than 500 Feet From The Kings Highway N Subway Station. Offering Approximately 3, 200 Sf Of Building Space Across Two Stories On A 1, 820 Sf Lot, The Property Features Three Ground-floor Commercial Spaces And Two Second-floor Residential Apartments, Currently Generating Approximately $120, 459 In Annualized Gross Rental Income. The Ground Floor Is Occupied By A Deli Store, Dental Office, And Thrift Store, Providing A Diversified Commercial Tenant Mix. The Second Floor Features Two Free-market Residential Apartments, Each Configured With Two Bedrooms, A Living Area, Kitchen, And Bathroom. With All Five Units Currently Rented, The Property Offers An Established Rental Income Stream, While The Free-market Residential Units Provide Potential For Future Rental Growth And Long-term Investment Upside. Additional Features Include A Garage, Five Electric Meters, And Two Gas Meters, Providing Practical Utility Management And Added Convenience For Long-term Ownership. Situated Near Kings Highway's Established Shopping And Dining Corridor, The Property Benefits From A Convenient Neighborhood Setting With Nearby Restaurants, Retail Businesses, Supermarkets, And Local Bus Transportation.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Single Family House for Sale
Tax $17,156.00
Bedrooms 4
Total Baths 2
Full Baths 2
Year Built 1931
Basement Unfinished
Construction Brick
Total Units 5
Lot SqFt 1,820
Cooling Wall/Window Unit(s)
Heat Source Forced Air, Other
Util Incl Cable Available, Electricity Connected, Sewer Connected
Parking Features Garage
Units 5
School District Brooklyn 21
Middle School Is 228 David A Boody
Elementary School Ps 215 Morris H Weiss
High School High School Of Sports Manageme
Features Formal dining, other
Listing information courtesy of: B Square Realty

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