Mixed-Use Building with Commercial
204 Highlawn Avenue Brooklyn, NY 11223
For Sale
$1,350,000
Mixed-use property with two remodeled 2022 residential units and a commercial unit in Brooklyn.
Property Size2,800 SF
Price / SF$482.14
Days on Market244
Property Features for 204 Highlawn Avenue
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Siu Kit Wong · License #sw6470
(718) 532-2000
Source:
Compass
Added: Nov 22, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:50AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This mixed-use building offers one commercial unit along with two residential apartments, each with two bedrooms. The first floor and basement were completely remodeled in 2022, and the apartments are described as being in excellent condition. A legal extension is noted, making the building 20 by 70 in size.
Located at 204 Highlawn Avenue in Brooklyn, the property combines income-generating residential space with a street-level commercial component. It is presented as suitable for investors seeking rental income or an owner seeking to live and work within the same building.
Overall, the configuration centers on a remodeled first-floor/basement layout supporting the existing mixed-use program, with two-bedroom apartment units complemented by an additional commercial unit.
Located at 204 Highlawn Avenue in Brooklyn, the property combines income-generating residential space with a street-level commercial component. It is presented as suitable for investors seeking rental income or an owner seeking to live and work within the same building.
Overall, the configuration centers on a remodeled first-floor/basement layout supporting the existing mixed-use program, with two-bedroom apartment units complemented by an additional commercial unit.
Key Highlights
- Mixed‑use building with 3 units total: two residential units and one commercial unit
- First floor and full basement were completely remodeled in 2022
- Two residential apartments each offer 2 bedrooms
Financial Insights For Multifamily LT 5
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 | $142.8k | $51.00 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $140.1k | $50.03 |
| − OpEx | −$42.0k | −$15.01 |
| NOI | $98.1k | $35.02 |
2,800 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,273 @ 7.0% cap · market cap 9.95%
Second Best
Multifamily LT 5
$1.40M
$1.23M – $1.63M
NOI $98,061 @ 7.0% cap · market cap 7.26%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,288 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DECORACIONES CHRIS
Gym & Fitness Center
City Lighting
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- NARINAS GIFTS AND FLOWERS — 8509 Bay Pkwy, Brooklyn, NY 11214
- Damir's Gift and Flowers — 8509 Bay Pkwy, Brooklyn, NY 11214
- Florist — Brooklyn, NY 11223
- Robert Joseph's — Brooklyn, NY 11223
- Flower Fantasy — 308 Avenue U, Brooklyn, NY 11223
FAQs
What type of property is this?
Storefront property - Mixed-use property with two remodeled 2022 residential units and a commercial unit in Brooklyn.
Where is this storefront property located?
The property is located at 204 Highlawn Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Mixed‑use building with 3 units total: two residential units and one commercial unit; First floor and full basement were completely remodeled in 2022; Two residential apartments each offer 2 bedrooms
