120 Avenue T, Brooklyn, NY, 11223

Address

120 Avenue T, Brooklyn, NY

Listing Type

Mixed Use

Price

$ 2,000,000

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#491033
TypeMixed Use
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodGravesend
Zip11223
StyleMixed Use
Year Built1931
Taxes$ 23940
Price$ 2,000,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sqr Footage3200
Lot Size0.036731 Acres

Data Source:

Brooklyn MLS (BNYMLS)

Property Description

INVESTMENT OPPORTUNITY: Mixed-Use Property in Prime Brooklyn Location This fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhurst area of Brooklyn. The property features a strategic combination of residential and commercial spaces designed to maximize rental income potential. PROPERTY SPECIFICATIONS: • Building Type: Semi-attached brick construction • Configuration: Mixed-use with residential and retail components • Total Units: Four income-generating spaces • Basement: Semi-finished with expansion potential RESIDENTIAL COMPONENT: • Two well-appointed 2-bedroom apartments on second floor • Large balcony feature enhancing tenant appeal in one of the apartments • Fully renovated living spaces with modern finishes • Combined monthly rental income: $6,000 ($3,000 each) COMMERCIAL COMPONENT: • Two ground-floor retail spaces • Store 1: $3,500 monthly rent • Store 2: $3,500 monthly rent • Street-level visibility in high-traffic corridor RECENT IMPROVEMENTS: • Complete renovation from foundation to roof • Updated electrical and plumbing systems throughout • Modern LED lighting installation • New windows and doors • Contemporary appliances • Basement infrastructure upgrades including new boiler and water heater • Roof replacement FINANCIAL PERFORMANCE: • Gross Monthly Income: $13,000 • Diversified revenue streams across residential and commercial tenants • Established rental rates reflecting current market conditions • Strong cash flow generation from fully occupied property

Price History
4/22/2025	Listed $2,000,000
12/12/2025	2$1,975,000
12/22/2025	2$1,950,000
1/22/2026	4$1,888,888
3/27/2026	5$1,800,000
4/21/2026	2$1,780,000

General Features

Ceiling Height	11-15 Foot
Roof	Flat
Zoning	R5B
Electric	110 V,220 V
Stories Count	2
Property Type	Mixed Use
Block	7096
Lot Number	10
Yearly Taxes	23940.00
Transaction Type	Sale
Utility Expense	300.00
Gross Expense	31250.00
Financing	1031 Exchange,Bank Mortgage,Cash
Building Type	Semi-Detached
Gross Income	150000
Status	Active
Fuel Expense	5000.00
Construction Materials	Brick
Cumulative Days on Market	519
MLS Area	Gravesend
Sub Type	Mixed Use
Year Built	1931
City	Brooklyn
Borough	Brooklyn
Number Of Stores	2
DOM	519
Sale Type	Arm's Length
# Families	2
Public Remarks	INVESTMENT OPPORTUNITY: Mixed-Use Property in Prime Brooklyn Location This fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhu

Interior Features

Heating Fuel	Gas
Walls	Sheet Rock
Flooring	Ceramic,Laminate
Hot Water	Gas
Unit Count	2
Sq Ft Total	3200
Lavatories	4+
Basement Amenities	Semi-Finished
Commercial Features Exterior	Doors - 10 ft and under
Commercial Features Interior	Lobby

Exterior Features

Exterior	Brick
Yard	None
Foundation	Poured Concrete
Lot Sq Ft	1600
Loading Docks	None
Building Length	80.00
Building Width	20.00
Property Panorama YN	Yes
Lot Size Length	80
Lot Size Width	20
Parking Attrib	1 Space,Built-In Garage