About 120 Avenue T
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
Features of 120 Avenue T
| MLS® # | 491033 |
|---|---|
| Price | $2,000,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,200 |
| Year Built | 1931 |
| Type | Mixed Use / Store & Family |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 120 Avenue T |
|---|---|
| Area | Gravesend |
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | New York |
| Zip Code | 11223 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior | Ceramic, Laminate |
|---|---|
| Interior Features | Lobby |
| Heating | Steam/Radiator |
| Fireplace | No |
| # of Stories | 2 |
| Basement | Semi-Finished |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Doors - 10 ft and under |
| Roof | Flat |
| Construction | Brick |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | April 22nd, 2025 |
|---|---|
| Days on Market | 504 |
| Zoning | R5B |
| Tax | $23,940 |