Renovated Mixed-Use Brooklyn
20 Avenue T, Brooklyn, NY 11223
Fully renovated, vacant mixed-use property in Gravesend/Bensonhurst.
Type:Mixed Use
Property size:
2,318 SFPrice / SF:
$731/SF- Added:
- Mar 18, 2026
- Days on Market:
- 110
- Last Refresh:
- Mar 20 at 12:10 am
Property Features for 20 Avenue T
General Information
- Standard status
- Active
- Size
- 2,318 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing office Corcoran Chelsea/Flatiron
Listing date Mar 18, 2026
Source Crexi
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 Chelsea/Flatiron
HighLights
- Fully vacant, turn‑key, and meticulously maintained mixed‑use property offering immediate flexibility.
- High income potential with projected cap rate over 6.5% upon stabilization.
- Excellent transportation access: half block to D train, short walk to N train, and multiple bus lines nearby.
- Two fully renovated, free‑market one‑bedroom apartments with strong rental appeal.
- Ground‑floor commercial space with private backyard and full basement.
- Prime location at the crossroads of Gravesend and Bensonhurst, close to 86th Street commercial corridor and local favorites like L&B Spumoni Gardens.
Overview
This meticulously maintained, fully renovated mixed-use property is delivered vacant, offering immediate flexibility. The property features a ground-floor commercial space with direct access to a private backyard and a full basement with a 7'2" ceiling height. Above, two fully renovated, free-market one-bedroom apartments provide strong rental appeal and efficient layouts. All units are direct metered. Positioned at the crossroads of Gravesend and Bensonhurst, the building sits on a quiet residential block just moments from the vibrant 86th Street commercial corridor. Transportation is exceptional: the D train at 25th Avenue/86th Street is just a half block away, the N train at Avenue T & West 9th Street is approximately a 6-minute walk, and the B1, B3, and B4 buses are all within a half block. Neighborhood highlights include nearby shopping, restaurants, and local favorites such as L&B Spumoni Gardens just two blocks away. The property size is 2318 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.2k | $77.76 |
| − Vacancy | −$21.4k | −$9.25 |
| EGI | $158.8k | $68.51 |
| − OpEx | −$47.6k | −$20.55 |
| NOI | $111.2k | $47.95 |
2,318 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.85M
NOI $111,159 @ 7.0% cap · market cap 6.56%
Second Best
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $84,143 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,351 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Capital Home Realty
Real Estate Agency
Ileana Rivera City ...
City Government Office
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.984613
- Latitude
- 40.597772
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully renovated, vacant mixed-use property in Gravesend/Bensonhurst.
Where is this mixed-use property located?
The property is located at 20 Avenue T Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Fully vacant, turn‑key, and meticulously maintained mixed‑use property offering immediate flexibility.; High income potential with projected cap rate over 6.5% upon stabilization.; Excellent transportation access: half block to D train, short walk to N train, and multiple bus lines nearby.
