HildaChin
MLS#1067986
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLBrooklyn 21
Property Description
Income-Producing Mixed-Use Property | Free-Market Rental Upside | Steps to Kings Highway N TrainAn 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.
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Wall/Window Unit(s)
Heating: Forced Air
Lot Size: 0.04 Acres
Stories: 2.0
Taxes: $17,156
Year Built: 1931
Feature Descriptions
Building Area Total: 3200
Business Type: Dental, Grocery, Retail
Common Walls: 1 Common Wall
Exterior: Brick
On Market Date: 2026-10-28
Parcel Number: 06675-0001
Parking Features: Garage
Parking Total: 1
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 5
Utilities: Cable Available, Electricity Connected, Sewer Connected
Water: Public
Local Schools
Middle School: Is 228 David A Boody
Elementary School: Ps 215 Morris H Weiss
School District: Brooklyn 21
Listed By / Shown By
Listing By
Agency Name: B Square Realty
Agency Contact: 646-889-9988
Shown By
Agent Name: Hilda Chin
Agent Phone: Cell: (516) 641-6218
Agency Title: Coldwell Banker American Homes
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196 Highlawn Avenue | MLS# 1067986
This commercial property located at 196 Highlawn Avenue , Brooklyn, NY 11223 is currently listed for sale with an asking price of $1,998,000. Highlawn Avenue is located within the Brooklyn 21 school district. Search Brooklyn real estate on www.hildachin.com today.