196 Highlawn Avenue, New York, NY, 11223
$1,998,000
activeLot Size
1,820 sqft
Year Built
1931
Stories
2
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Li Li, B Square Realty
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Oct 28, 2026, 10:01 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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