Mixed-Use Building with
New
For Sale
$1,998,000
196 Highlawn Avenue, Brooklyn, NY 11223
Residential Income, Brooklyn, NY
Property Size3,200 SF
Lot Size0.04 Acres
Price / SF$624.38
Days on Market4
Property Features for 196 Highlawn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Basement, Dining Room, Bedroom 4, Bathroom 2
Parking
1
Parking features
Garage
Interior features
Formal Dining
Basement
Unfinished
Elementary school
Ps 215 Morris H Weiss
Middle school
Is 228 David A Boody
High school
High School Of Sports Management
Elementary school district
Brooklyn 21
Middle school district
Brooklyn 21
High school district
Brooklyn 21
Directions
Google Maps
Standard status
Active
APN
06675-0001
Lot size
0.04 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
commercial, residential
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
17156
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1931
Number of units
5
Building materials
Brick
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Added: Oct 29
Last Checked: Nov 1 at 9:06AM
MLS# 1068180
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1931, this two-story brick property contains approximately 3,200 square feet on a 1,820-square-foot lot. The ground level has three commercial spaces, while the upper floor holds two apartments, each with two bedrooms, a living area, a kitchen, and a bathroom. A garage is included. The property has five electric meters and two gas meters; heating is forced air, and cooling is provided by wall or window units. All five units are rented, with commercial occupants including a deli, dental office, and thrift store.
The building is less than 500 feet from the Kings Highway N subway station and one block from the Kings Highway shopping and dining corridor. Nearby amenities include restaurants, retail businesses, supermarkets, and local bus service.
The building is less than 500 feet from the Kings Highway N subway station and one block from the Kings Highway shopping and dining corridor. Nearby amenities include restaurants, retail businesses, supermarkets, and local bus service.
Key Highlights
- Approximately 3,200 square feet across two stories on a 1,820‑square‑foot lot
- Three commercial spaces and two two‑bedroom apartments; all five units are rented
- Garage, five electric meters, and two gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,455
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,069,100
$3.1M
Cap Rate 7%
$2,192,214
$2.2M
Cap Rate 9%
$1,705,056
$1.7M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$248.8K $77.76/SF
− Vacancy
−$29.6K −$9.25/SF
EGI
$219.2K $68.51/SF
− OpEx
−$65.8K −$20.55/SF
NOI
$153.5K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,069,100
Cap Rate 7%
$2,192,214
Cap Rate 9%
$1,705,056
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,455 @ 7.0% cap · market cap 7.68%
Second Best
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,160 @ 7.0% cap · market cap 5.81%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three ground-floor commercial spaces sit below two free-market apartments, and all five units are rented.
Where is this mixed-use property located?
The property is located at 196 Highlawn Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Approximately 3,200 square feet across two stories on a 1,820‑square‑foot lot; Three commercial spaces and two two‑bedroom apartments; all five units are rented; Garage, five electric meters, and two gas meters
