122 Avenue T Brooklyn, NY $ 3,500,000
122 Avenue T
$ 3,500,000
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122 Avenue T

Brooklyn, NY, 11223
$ 3,500,000
Bedrooms-- Baths-- Sq 5,670

Monthly Estimate*

$ 21,835

122 Avenue T, Brooklyn, NY 11223 - Image 1
122 Avenue T, Brooklyn, NY 11223 - Image 2
122 Avenue T, Brooklyn, NY 11223 - Image 3

Commercial Property for sale in Brooklyn, NY

for $3,500,000. This 5,670 square foot building was built on a lot size of 0.043388.

A magnificent newly renovated brick mixed-use property, fully redone from top to bottom, showcasing two prime commercial stores and four elegant residential units. Each residence is equipped with independent heat and hot water systems, allowing tenants to cover their own utilities and ensuring maximum efficiency for the owner. With a building size of 21 × 80 ft and a lot size of 21 × 90 ft, this impressive property also features a private garage and parking for two vehicles, along with brand-new plumbing and electrical systems that deliver both luxury and durability. Generating an annual gross income of $308,000 with minimal expenses of $38,633, the property achieves a strong net operating income of $269,537 and offers an outstanding cap rate. Ideally situated in a sought-after Brooklyn neighborhood celebrated for its vibrant shopping corridors, excellent schools, and convenient transportation, this is a rare opportunity to acquire a turnkey trophy investment with enduring value.

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Commercial Active

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 18,863

Style

Mixed Use

Lot Size

0.043388

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

495971

Features
Interior
Heating Fuel Other
Walls Other
Flooring Other
Hot Water Other
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General
Ceiling Height Other
Roof Other
Electric Other
Stories Count 3
Property Type Mixed Use
Yearly Taxes 18863.00
Transaction Type Sale
Financing 1031 Exchange Assumption Bank Mortgage Cash
Building Type Semi-Detached
Status Active
Construction Materials Brick
Cumulative Days on Market 87
MLS Area Gravesend
Sub Type Mixed Use
City Brooklyn
DOM 87
# Families 4
Public Remarks A magnificent newly renovated brick mixed-use property fully redone from top to bottom showcasing two prime commercial stores and four elegant residential units. Each residence is equipped with indep
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Exterior
Exterior Brick
Foundation Other
Parking Attrib 2 Spaces
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Re/Max Edge

Broker

(347) 791-7011

Phone

Affordability Calculator

$23,407
Per Month
93%
7%
0%
Monthly Principal & Interest
$21,835
Monthly Property Taxes
$1,572
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
9/20/2025$3,500,000 -2.78% Price Down
9/19/2025$3,599,999 Listed Price

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122 Avenue T, Brooklyn, NY, 11223 is a Commercial Property for sale at $3,500,000 with 5,670 sqft and a lot size of 0.043388. The property's zip code is 11223 which is in Brooklyn, NY