Mixed-Use Corner
7023 20th Avenue Brooklyn, NY 11204
For Sale
$2,799,000
Three storefronts and four apartments are housed in a well-maintained 3-story brick corner building with established tenants.
Property Size5,600 SF
Lot Size0.05 Acres
Price / SF$499.82
Days on Market120
Property Features for 7023 20th Avenue
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.05 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1928
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #ct7740
(718) 210-2727
Source:
Compass
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 8:15AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This well-maintained 3-story brick mixed-use corner building offers three commercial storefronts and four residential units. The residential mix includes two 2-bedroom apartments and two 3-bedroom apartments. The property also features established commercial tenants, including a restaurant and a construction company office.
Located at 7023 20th Avenue in Brooklyn, NY 11204, the building benefits from corner exposure on a busy avenue. The surrounding area includes shops, schools, and public transportation, supporting consistent neighborhood activity.
With its combination of income-producing storefront space and multiple residential units, the property provides an investment-friendly structure for buyers seeking a long-term, mixed-use holding.
Located at 7023 20th Avenue in Brooklyn, NY 11204, the building benefits from corner exposure on a busy avenue. The surrounding area includes shops, schools, and public transportation, supporting consistent neighborhood activity.
With its combination of income-producing storefront space and multiple residential units, the property provides an investment-friendly structure for buyers seeking a long-term, mixed-use holding.
Key Highlights
- 3‑story brick mixed‑use corner building with 3 commercial storefronts and 4 residential units
- Two 2‑bedroom and two 3‑bedroom apartments make up the residential unit mix
- Established commercial tenants include a restaurant and a construction company office
Financial Insights For Mixed Use
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 | $369.6k | $66.00 |
| − Vacancy | −$44.4k | −$7.92 |
| EGI | $325.2k | $58.08 |
| − OpEx | −$122.0k | −$21.78 |
| NOI | $203.3k | $36.30 |
5,600 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$4.64M
$4.06M – $5.41M
NOI $324,576 @ 7.0% cap · market cap 11.60%
Second Best
Retail
$3.84M
$3.36M – $4.48M
NOI $268,546 @ 7.0% cap · market cap 9.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Restaurante guatemalteco El ...
Restaurant
FAQs
What type of property is this?
Mixed-use property - Three storefronts and four apartments are housed in a well-maintained 3-story brick corner building with established tenants.
Where is this mixed-use property located?
The property is located at 7023 20th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: 3‑story brick mixed‑use corner building with 3 commercial storefronts and 4 residential units; Two 2‑bedroom and two 3‑bedroom apartments make up the residential unit mix; Established commercial tenants include a restaurant and a construction company office
