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3,200 sqft

$2,000,000

120 Avenue T, Brooklyn NY, 11223

Price per sqft$625.00
Built in1931
Property size3,200 sqft
Property typeMulti-family

Overview

Active

Listed Apr 22, 2025

Updated 4 weeks ago

INVESTMENT OPPORTUNITY: Mixed-Use Property in Prime Brooklyn Location This fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhurst area of Brooklyn. The property features a strategic combination of residential and commercial spaces designed to maximize rental income potential. PROPERTY SPECIFICATIONS: • Building Type: Semi-attached brick construction • Configuration: Mixed-use with residential and retail components • Total Units: Four income-generating spaces • Basement: Semi-finished with expansion potential RESIDENTIAL COMPONENT: • Two well-appointed 2-bedroom apartments on second floor • Large balcony feature enhancing tenant appeal in one of the apartments • Fully renovated living spaces with modern finishes • Combined monthly rental income: $6,000 ($3,000 each) COMMERCIAL COMPONENT: • Two ground-floor retail spaces • Store 1: $3,500 monthly rent • Store 2: $3,500 monthly rent • Street-level visibility in high-traffic corridor RECENT IMPROVEMENTS: • Complete renovation from foundation to roof • Updated electrical and plumbing systems throughout • Modern LED lighting installation • New windows and doors • Contemporary appliances • Basement infrastructure upgrades including new boiler and water heater • Roof replacement FINANCIAL PERFORMANCE: • Gross Monthly Income: $13,000 • Diversified revenue streams across residential and commercial tenants • Established rental rates reflecting current market conditions • Strong cash flow generation from fully occupied property

$13,306/mo

Est. mortgage payment based on a $2,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
491033

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$23,940
Tax Frequency
Annually

Listed by Diana Melerud with Superior Realty Service
Listing Contact: 3475548282 

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