Mixed-Use Building with
New
For Sale
$1,998,000
196 Highlawn Avenue, Brooklyn, NY 11223
Commercial Sale, 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
Commercial Sale
Property subtype
Other
Zoning
R5B
Rooms
Basement
Parking
1
Parking features
Garage
Basement
Unfinished
Elementary school
Ps 215 Morris H Weiss
Middle school
Is 228 David A Boody
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
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
Amenities
garage
Building Details
Year built
1931
Floors in Building
2
Number of units
5
Building materials
Brick
Buildings
1
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 31 at 7:06PM
MLS# 1067986
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.
This brick, two-story mixed-use property contains approximately 3,200 SF on a 1,820 SF lot. Three commercial spaces occupy the ground floor, while the upper level has two apartments, each with two bedrooms, a living area, kitchen, and bathroom. A garage, basement, five electric meters, and two gas meters are also part of the property. Built in 1931, the building has R5B zoning and public water and sewer service. All five units are currently rented; the commercial occupants include a deli, dental office, and thrift store.
The property is one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Nearby context includes restaurants, retail businesses, supermarkets, and local bus service.
The property is one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Nearby context includes restaurants, retail businesses, supermarkets, and local bus service.
Key Highlights
- Approximately 3,200 SF across two stories on a 1,820 SF lot
- Three ground‑floor commercial spaces and two second‑floor apartments
- All five units are currently rented
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,874
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three ground-floor business suites sit below two residential apartments, with a garage and separate utility meters.
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 SF across two stories on a 1,820 SF lot; Three ground‑floor commercial spaces and two second‑floor apartments; All five units are currently rented
