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
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
Property Details
Price:
$1,888,888
MLS #:
491033
Status:
Active
Baths:
0
Type:
Single Family
Subtype:
Mixed Use
Borough:
Brooklyn
Neighborhood:
gravesend
Listed Date:
Jul 30, 2025
Finished Sq Ft:
3,200
Year Built:
1931
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Interior
Exterior
Financial
Map
Community
- Address120 Avenue T Brooklyn NY
- NeighborhoodGravesend
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11223
Market Summary
Current real estate data for Single Family in Brooklyn as of Mar 05, 2026
497
Single Family Listed
117
Avg DOM
1,523
Avg $ / SqFt
$1,948,780
Avg List Price
Property Summary
- 120 Avenue T Brooklyn NY is a Single Family for sale in Brooklyn, NY, 11223. It is listed for $1,888,888 and features 0 beds, 0 baths, and has approximately 3,200 square feet of living space, and was originally constructed in 1931. The current price per square foot is $590. The average price per square foot for Single Family listings in Brooklyn is $1,523. The average listing price for Single Family in Brooklyn is $1,948,780.
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