Renovated Mixed-Use Brooklyn
6509 20th Avenue Brooklyn, NY 11204
6509 20th Avenue, Brooklyn, NY, 11204
$2,639,000
For Sale
$2,639,000
Income-producing mixed-use property in Bensonhurst, Brooklyn with commercial and residential units.
Property Size3,300 SF
Lot Size0.04 Acres
Price / SF$799.70
Days on Market76
Property Features for 6509 20th Avenue
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.04 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing Agency
Tiger Realty
(917) 708-9966
Listed by
Fei Chan Lin · License #FCL4532
(917) 708-9966
Source
Compass
Added: May 2 Checked: Jul 16 at 7:41 am
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 Tiger Realty
Investment Insights
Based on property information with market context.
This renovated brick mixed-use property is located in Bensonhurst, Brooklyn. The building, with dimensions of 20x55, is situated on a 20x90 lot. The property features one commercial store and three residential units. The property is in excellent condition throughout and includes a full finished basement. The first floor is occupied by a laundromat with a separate heating system and boiler. The second floor contains a 3-bedroom, 2-bath apartment that has been updated. The third floor includes two renovated units: a 2-bedroom, 1-bath apartment and a 1-bedroom, 1-bath apartment. Each unit has separate hot water boilers. The property is located near transportation, shopping, restaurants, schools, and local amenities. The property size is 3300 square feet. This turnkey property is intended for investors or end-users seeking rental income and a move-in-ready space.
Key Highlights
- Turnkey, income‑producing mixed‑use property with 1 commercial store and 3 residential units.
- Fully renovated units, including a spacious 3‑bedroom, 2‑bath apartment, a 2‑bedroom, 1‑bath apartment, and a 1‑bedroom, 1‑bath apartment.
- Well‑established laundromat on the first floor with a separate heating system and boiler.
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 | $256.6k | $77.76 |
| − Vacancy | −$30.5k | −$9.25 |
| EGI | $226.1k | $68.51 |
| − OpEx | −$67.8k | −$20.55 |
| NOI | $158.3k | $47.95 |
3,300 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,250 @ 7.0% cap · market cap 6.00%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,790 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chinese school
High School
New Cycle Laundromat ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing mixed-use property in Bensonhurst, Brooklyn with commercial and residential units.
Where is this mixed-use property located?
The property is located at 6509 20th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,639,000.
What are key features of this property?
This property features: Turnkey, income‑producing mixed‑use property with 1 commercial store and 3 residential units.; Fully renovated units, including a **spacious 3‑bedroom, 2‑bath apartment**, a 2‑bedroom, 1‑bath apartment, and a 1‑bedroom, 1‑bath apartment.; Well‑established laundromat on the first floor with a separate heating system and boiler.
