196 Highlawn Ave, New York, NY 11223

Description

Income-Producing Mixed-Use Property | Free-Market Rental Upside | Steps to Kings Highway N Train

An attractive mixed-use investment opportunity in Brooklyn's established Gravesend neighborhood, ideally positioned just one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Offering approximately 3,200 SF of building space across two stories on a 1,820 SF lot, the property features three ground-floor commercial spaces and two second-floor residential apartments, currently generating approximately $120,459 in annualized gross rental income.

The ground floor is occupied by a deli store, dental office, and thrift store, providing a diversified commercial tenant mix. The second floor features two free-market residential apartments, each configured with two bedrooms, a living area, kitchen, and bathroom. With all five units currently rented, the property offers an established rental income stream, while the free-market residential units provide potential for future rental growth and long-term investment upside.

Additional features include a garage, five electric meters, and two gas meters, providing practical utility management and added convenience for long-term ownership.

Situated near Kings Highway's established shopping and dining corridor, the property benefits from a convenient neighborhood setting with nearby restaurants, retail businesses, supermarkets, and local bus transportation.