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196 Highlawn Avenue , Brooklyn , NY 11223





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.
| 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 | |