120 Avenue T Brooklyn, NY $ 2,000,000
120 Avenue T
$ 2,000,000
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120 Avenue T

Brooklyn, NY, 11223
$ 2,000,000
Bedrooms-- Baths-- Sq 3,200

Monthly Estimate*

$ 12,314

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Commercial Property for sale in Brooklyn, NY

for $2,000,000. This 3,200 square foot building was built in 1931 on a lot size of 0.036731.

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

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 23,940

Style

Mixed Use

Lot Size

0.036731

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

491033

Features
Interior
Heating Fuel Gas
Walls Sheet Rock
Flooring Ceramic Laminate
Hot Water Gas
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General
Ceiling Height 11-15 Foot
Roof Flat
Zoning R5B
Electric 110 V 220 V
Stories Count 2
Property Type Mixed Use
Block 7096
Yearly Taxes 23940.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Semi-Detached
Status Active
Construction Materials Brick
Cumulative Days on Market 277
MLS Area Gravesend
Sub Type Mixed Use
Year Built 1931
City Brooklyn
DOM 277
# Families 2
Public Remarks 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-Bensonhu
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Exterior
Exterior Brick
Foundation Poured Concrete
Parking Attrib 1 Space Built-In Garage
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Superior Realty Service

Broker

(917) 992-7239

Phone

Affordability Calculator

$14,309
Per Month
86%
14%
0%
Monthly Principal & Interest
$12,314
Monthly Property Taxes
$1,995
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/22/2026$1,888,888 -3.13% Price Down
12/22/2025$1,950,000 -1.27% Price Down
12/12/2025$1,975,000 -1.25% Price Down
4/22/2025$2,000,000 Listed Price

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120 Avenue T, Brooklyn, NY, 11223 is a Commercial Property for sale at $2,000,000 with 3,200 sqft and a lot size of 0.036731. 120 Avenue T was built in 1931. The property's zip code is 11223 which is in Brooklyn, NY