6. 5 Projected Cap Rate Free Market amp ; Delivered Vacant Turn key and meticulously maintained, 20 Avenue T is a fully renovated mixed use property delivered vacant, offering immediate ...
| Website: | https://www.nestseekers.com/5470169 |
|---|---|
| Address: | 20 Avenue T Apt: BLDG Brooklyn, NY 11223 |
| Cross street: | West 13th Street |
| Type: | Low-rise |
| Era: | Post-war |
| Floors: | 2 |
| Ownership: | Mixed Use |
|---|---|
| Rooms: | 6 |
| Bedrooms: | 2 BR |
| Bathrooms: | 2½ |
| Pets: | No Pets Allowed |
Financials
Price:$1,695,000
Maintenance:$1
Real estate tax:$415
Description
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.
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.
Amenities
- Patio
- Voice Intercom
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of Corcoran Group | |
Floorplan 