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    92 Livonia Ave Brooklyn, NY 11212

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    For Sale
    Contact for pricing

    3-Unit Storefront, R6 Zoning, Updated

    Property size:
    2,000 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    347
    This exceptional 3-unit mixed-use building, located at 92 Livonia Ave in Brooklyn, NY 11212, presents a unique investment opportunity. The property boasts a total of 2,000 square feet, encompassing a 2,000 square foot commercial storefront currently operating on a month-to-month tenancy and two vacant residential units. Each residential unit features three bedrooms, a living room, a dining room, and a kitchen. Built in 1930 and extensively renovated in 2024, this well-maintained brick building benefits from a new roof and is situated on a 2,003 square foot lot. The property is zoned R6, offering significant potential for future development or expansion. Currently, the occupancy rate is 33%. The building is equipped with three gas meters and four electric meters, contributing to efficient utility management. Its convenient location provides easy access to public transportation, including the 2 train and the B60 bus route. Low annual real estate taxes, estimated at approximately $4,000, further enhance the financial appeal. The asking price is $1,249,000, and is negotiable. This property represents a compelling investment in a thriving Brooklyn neighborhood.

    Property Features for 92 Livonia Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,000 SF

    Building Details

    Year Built/Renovated
    1930/2024
    Buildings
    1
    Units
    3

    HighLights

    • Mixed‑use building with 2,000 sq ft storefront and two vacant 3‑bedroom apartments.
    • Single‑tenant storefront on a month‑to‑month lease.
    • Asking price: $1,249,000 (negotiable).
    • Low annual real estate taxes (approx. $4,000).
    • Located in Brooklyn, NY (11212), near 2 train and B60 bus.
    • R6 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    S&S West Indian ... Grocery Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9147747
    Latitude
    40.6615222

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    FAQs

    What type of property is this?
    Individual retail property - 3-Unit Storefront, R6 Zoning, Updated
    Where is this individual retail property located?
    The property is located at 92 Livonia Ave Brooklyn, NY.
    What are key features of this property?
    This property features: Mixed-use building with 2,000 sq ft storefront and two vacant 3-bedroom apartments.; Single-tenant storefront on a month-to-month lease.; Asking price: $1,249,000 (negotiable).
    Request Owner's contact information
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    Brooklyn, NY 11212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    92 Livonia Ave Brooklyn, NY 11212
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