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About the Listing LILI01 - 169035,227659
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.
Listing Highlights for 196 Highlawn Ave
Interior Details
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage
Financial Details
- Tax Amount: $17,156
- Taxes w/Assessments: N/A
- Tax/Property ID: 06675-0001
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
196 Highlawn Ave Brooklyn, NY 11223
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