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196 Highlawn Ave
Brooklyn, NY 11223
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Leased Mixed-Use Asset
- Investor-Friendly Utilities & Layout
- Excellent Location & Transit Access
EXECUTIVE SUMMARY
Mixed-Use Investment Opportunity in Prime Bensonhurst
Introducing 196 Highlawn Avenue — a solid brick mixed-use property located in the heart of Bensonhurst, Brooklyn. This well-maintained building offers approximately 3,200 sqft of interior space across two full floors (each floor approx. 1,600 sqft).
The ground floor features three fully leased commercial units: a grocery store, a barbershop, and a dental office, generating strong and stable rental income. The upper level consists of two residential units, each with 3 bedrooms and 1 bathroom, providing spacious layouts ideal for long-term tenants.
The property is equipped with 5 electric meters and 2 gas meters, allowing for easy utility separation between units. Full basement and finished condition (per owner), adding potential for storage or additional revenue use.
Located just 3 minutes from the subway, this building benefits from excellent transit access, strong foot traffic, and a vibrant local community.
Introducing 196 Highlawn Avenue — a solid brick mixed-use property located in the heart of Bensonhurst, Brooklyn. This well-maintained building offers approximately 3,200 sqft of interior space across two full floors (each floor approx. 1,600 sqft).
The ground floor features three fully leased commercial units: a grocery store, a barbershop, and a dental office, generating strong and stable rental income. The upper level consists of two residential units, each with 3 bedrooms and 1 bathroom, providing spacious layouts ideal for long-term tenants.
The property is equipped with 5 electric meters and 2 gas meters, allowing for easy utility separation between units. Full basement and finished condition (per owner), adding potential for storage or additional revenue use.
Located just 3 minutes from the subway, this building benefits from excellent transit access, strong foot traffic, and a vibrant local community.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built
1931
Price
$2,080,000
Price Per SF
$650
Cap Rate
5%
NOI
$104,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.04 AC
Zoning
R5B - Residential district
Frontage
PROPERTY TAXES
| Parcel Number | 06675-0001 | Improvements Assessment | $239,400 |
| Land Assessment | $63,900 | Total Assessment | $303,300 |
PROPERTY TAXES
Parcel Number
06675-0001
Land Assessment
$63,900
Improvements Assessment
$239,400
Total Assessment
$303,300
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