129 20Th St, Brooklyn, NY 11232
This exceptional mixed-use property at 129 20th Street in Brooklyn, New York, presents a unique investment opportunity. The 4,338 square foot building, zoned M1-2D, is currently vacant and ready for immediate occupancy. It features three units, previously configured as renovated office space above a deli, offering flexibility for a variety of uses. The asking price is $1,950,000, translating to $450 per square foot. The seller is offering financing for 50% of the purchase price, making this an attractive proposition for qualified buyers. The building boasts excellent corner exposure, providing abundant natural light and air, and a significant signage opportunity with high visibility from 3rd Avenue and the Gowanus Expressway. The property enjoys a 78-foot frontage on 3rd Avenue and is conveniently located a short walk from the R train at Prospect Avenue station. The building will be delivered vacant with a Certificate of Occupancy (CofO). This is a rare chance to acquire a well-located, versatile property in a thriving Brooklyn neighborhood. The land value is also assessed at $450 per square foot.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.