196 Lawrence Avenue Brooklyn, NY $ 1,550,000
196 Lawrence Avenue
$ 1,550,000
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196 Lawrence Avenue

Brooklyn, NY, 11230
$ 1,550,000
Bedrooms-- Baths-- Sq 5,006

Monthly Estimate*

$ 10,705

196 Lawrence Avenue, Brooklyn, NY 11230 - Image 1
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Commercial Property for sale in Brooklyn, NY

for $1,550,000. This 5,006 square foot building was built in 1931 on a lot size of 0.054.

Excellent investment opportunity at 196 Lawrence Street! Recently renovated six unit property generating approximately $144,000 in annual income, with approximately $40,000 in annual expenses. Features a finished basement with walk-in access and windows. Well-maintained, income-producing property offering strong cash flow and excellent investment potential. A great opportunity for investors. New leases for 2 years in place Ownerf iling to remove the DHCR and rent controll on the building Air rights to add aditional floor and a half.

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Commercial Active

Price

$ 1,550,000

Property Type

Commercial

Taxes

$ 17,739

Style

Multi Family

Lot Size

0.054

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

1059104

Features
General
Sewer Public Sewer
Heating Steam
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Water Connected
Zoning R7A
Construction Materials Brick
Year Built 1931
Property Subtype Multi Family
Tax Year 2026
Parcel Number 05423-0041
County Kings (Brooklyn)
Property Type Commercial Sale
City New York
High School District Brooklyn 22
Number Of Units Total 6
Property Attached Y/N Y
Tax Annual Amount 17739.4
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 22
Elementary School District Brooklyn 22
Tax Assessed Value 515250
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Interior
Basement Finished Walk-Out Access
Basement Features Finished Walk-Out Access
Basement (Y/N) Y
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Exterior
Parking Features None None
Water Source Public
Building Area Total 5006
Waterfront Y/N N
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Internal Only
Street Number 1 196
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* Excluded Features
List By
Eidel Moses

Listing Agent

Keller Williams Valley Realty

Broker

EidelMoses2@gmail.com

Email

Affordability Calculator

$12,184
Per Month
88%
12%
0%
Monthly Principal & Interest
$10,705
Monthly Property Taxes
$1,478
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4101029 Elementary School
4881300 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$1,550,000 Listed Price

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196 Lawrence Avenue, Brooklyn, NY, 11230 is a Commercial Property for sale at $1,550,000 with 5,006 sqft and a lot size of 0.054. 196 Lawrence Avenue was built in 1931. The property's zip code is 11230 which is in Brooklyn, NY