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
For sale
$1,799,999
120 Avenue T, Brooklyn, NY 11223
--beds
3,200sqft
Mixed Use
Built in 1931
1,600 Square Feet Lot
$-- Zestimate®
$562/sqft
$-- HOA
What's special
Contemporary appliancesRoof replacementSemi-attached brick constructionTwo ground-floor retail spacesModern led lighting installationNew windows and doors
- 499 days
- 124
- 1
Zillow last checked:
Listing updated:
Listed by:
Superior Realty Service 347-554-8282,
Diana Melerud 917-992-7239
Source: BNYMLS,MLS#: 491033
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Natural Gas, Steam/Radiator
Appliances
- Included: Gas Water Heater
Features
- Flooring: Ceramic Tile, Laminate
- Doors: Doors - 10 ft and under
- Basement: Partially Finished
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Total spaces: 1
- Parking features: Other, 1 Space, Built-In Garage
- Has attached garage: Yes
Accessibility
- Accessibility features: Handicap Access
Features
- Stories: 2
Lot
- Size: 1,600 Square Feet
- Dimensions: 20x80
Details
- Foundation area: 1600
- Parcel number: 070960010
- Zoning: R5B
- Special conditions: Arm's Length
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Sheet Rock, Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- Year built: 1931
Utilities & green energy
- Electric: 110 V, 220 Volts
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $562/sqft
- Tax assessed value: $674,000
- Annual tax amount: $23,940
- Date on market: 4/22/2025
- Cumulative days on market: 500 days
- Total actual rent: 150000
Estimated market value
Not available
Estimated sales range
Not available
$4,720/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/17/2026 | Listing removed | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/8/2026 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/7/2026 | Listing removed | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2026 | Price change | $1,799,999+1.1%$562/sqft |
Source: | ||
| 4/21/2026 | Price change | $1,780,000-1.1%$556/sqft |
Source: | ||
| 3/27/2026 | Price change | $1,800,000-4.7%$563/sqft |
Source: | ||
| 2/22/2026 | Price change | $1,888,888-5.6%$590/sqft |
Source: | ||
| 1/24/2026 | Price change | $2,000,000+5.9%$625/sqft |
Source: | ||
| 1/22/2026 | Price change | $1,888,888-3.1%$590/sqft |
Source: | ||
| 12/23/2025 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/22/2025 | Price change | $1,950,000-1.3%$609/sqft |
Source: | ||
| 12/12/2025 | Price change | $1,975,000-1.3%$617/sqft |
Source: | ||
| 4/22/2025 | Listed for sale | $2,000,000-11.1%$625/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/27/2019 | Listing removed | $2,250,000$703/sqft |
Source: Owner Report a problem | ||
| 9/25/2019 | Price change | $2,250,000+12.5%$703/sqft |
Source: Owner Report a problem | ||
| 8/1/2019 | Listed for sale | $2,000,000+3900%$625/sqft |
Source: Superior Realty Service Report a problem | ||
| 3/21/2018 | Listing removed | $50,000$16/sqft |
Source: RE/MAX REAL ESTATE PROFESSIONALS #416463 Report a problem | ||
| 2/22/2018 | Listed for sale | $50,000-96.9%$16/sqft |
Source: RE/MAX REAL ESTATE PROFESSIONALS #416463 Report a problem | ||
| 3/19/2017 | Listing removed | $1,600,000$500/sqft |
Source: Ambassador Realty of Bay Ridge Report a problem | ||
| 12/27/2016 | Price change | $1,600,000-10.5%$500/sqft |
Source: Ambassador Realty of Bay Ridge Report a problem | ||
| 11/30/2016 | Listed for sale | $1,788,000+587.7%$559/sqft |
Source: Ambassador Realty of Bay Ridge Report a problem | ||
| 11/24/1997 | Sold | $260,000$81/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,729 +7.5% | $303,300 +0.1% |
| 2024 | $23,944 | $302,940 +20% |
| 2023 | -- | $252,450 -19.7% |
| 2022 | -- | $314,550 -2.5% |
| 2021 | -- | $322,605 +23.7% |
| 2020 | $19,846 +8% | $260,820 |
| 2019 | $18,376 | $260,820 +91.2% |
| 2018 | -- | $136,412 +8% |
| 2017 | $16,065 -1.3% | $126,310 |
| 2016 | $16,273 | $126,310 +3.2% |
| 2015 | $16,273 +66.2% | $122,392 +8% |
| 2014 | $9,789 | $113,327 |
Find assessor info on the county website






