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Six-Unit Rent-Stabilized Apartment Building
For Sale
Contact for pricing
Pending

196 Lawrence Ave, Brooklyn, NY 11230

Multifamily property featuring consistent two-bedroom, one-bath apartment layouts.

Property SizeContact for details
Days on Market148

Property Features for 196 Lawrence Ave

General Information

Standard status Pending
Property subtype Multifamily
Net Operating Income $97,562

Financials

Cap Rate 7%
Gross Income $128,544

Units

Unit Mix 6 x 2BR/1BA
Multifamily Units 6
Listing Agency: Keller Williams Realty Empire
Listed By: Louis M Guida · License #NY # 10401294496
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 1:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Empire

Investment Insights

Based on property information with market context.

This six-family apartment building contains six residential units, each configured with four rooms, two bedrooms, and one bathroom. The property is being offered in its existing condition, with all units subject to rent stabilization and no rent-controlled apartments identified.

Located at 196 Lawrence Ave in Brooklyn, NY 11230, the building offers a uniform apartment layout across the property. The stated cap rate is 7%, providing a current capitalization metric for investor review.

Key Highlights

  • Six‑family apartment building at 196 Lawrence Ave, Brooklyn, NY 11230
  • Six apartments, each with 4 rooms, 2 bedrooms, and 1 bathroom
  • All units are rent stabilized

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Spa & Massage Center Gym & Fitness Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,627
Businesses Nearby

Demographics for 11230, NY

91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property featuring consistent two-bedroom, one-bath apartment layouts.
Where is this apartment building located?
The property is located at 196 Lawrence Ave Brooklyn, NY.
What are key features of this property?
This property features: Six‑family apartment building at 196 Lawrence Ave, Brooklyn, NY 11230; Six apartments, each with 4 rooms, 2 bedrooms, and 1 bathroom; All units are rent stabilized
(718) 954-8400 Call to check price and availability
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