Mixed-Use Building with Private
New
For Sale
$1,450,000
20 AVE T BLDG, Brooklyn, NY 11223
A commercial unit and two one-bedroom apartments are offered vacant in a renovated, separately metered property.
Property Size2,318 SF
Price / SF$625.54
Days on Market3
Property Features for 20 AVE T BLDG
General Information
Standard status
Active
Size
2,318 SF
Property subtype
Apartment
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$4,992
Amenities
private backyard
full basement
Building Details
Building Size
2,318 SF
Year Built
1931
Buildings
1
Listing Agency:
Corcoran Group
Listed By:
Christopher DelCore
(212) 721-4600
Source:
Miradorrealestate
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:05AM
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 Corcoran Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,318-square-foot mixed-use building combines ground-floor commercial space with two one-bedroom apartments above. The commercial unit connects to a private backyard and a full basement with 7'2" ceilings. The apartments are free-market, and the property is delivered vacant. Renovations have been completed, building systems updated, and all units are separately metered.
Located at 20 Avenue T in Brooklyn, the property is near the 86th Street commercial corridor. The D train at 25th Avenue/86th Street is a half block away; the N train at Avenue T and West 9th Street is about a six-minute walk. B1, B3, and B4 bus service is within a half block, and L&B Spumoni Gardens is two blocks away.
Located at 20 Avenue T in Brooklyn, the property is near the 86th Street commercial corridor. The D train at 25th Avenue/86th Street is a half block away; the N train at Avenue T and West 9th Street is about a six-minute walk. B1, B3, and B4 bus service is within a half block, and L&B Spumoni Gardens is two blocks away.
Key Highlights
- 2,318‑square‑foot mixed‑use building with one commercial unit and two one‑bedroom apartments
- Ground‑floor commercial space opens to a private backyard
- Full basement with 7'2" ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,143
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,860
$1.7M
Cap Rate 7%
$1,202,043
$1.2M
Cap Rate 9%
$934,922
$934.9K
Market Conditions
NOI Build-Up for 2,318 SF
Gross rent
$153.0K $66.00/SF
− Vacancy
−$18.4K −$7.92/SF
EGI
$134.6K $58.08/SF
− OpEx
−$50.5K −$21.78/SF
NOI
$84.1K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,860
Cap Rate 7%
$1,202,043
Cap Rate 9%
$934,922
Alternative Uses
Best Use
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $84,143 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$1.01M
$884.6K – $1.18M
NOI $70,766 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,351 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,626
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial unit and two one-bedroom apartments are offered vacant in a renovated, separately metered property.
Where is this mixed-use property located?
The property is located at 20 AVE T BLDG Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2,318‑square‑foot mixed‑use building with one commercial unit and two one‑bedroom apartments; Ground‑floor commercial space opens to a private backyard; Full basement with 7'2" ceiling height
