Gravesend, Brooklyn, NY 11223
Property Type
Pre-War Apartment
Views
Other
Central AC
No
Patio/Porch
Patio
Pets Allowed
Yes
Year Built
1931
RE Tax
$416 (Monthly)
Home Style
Walk-Up
Listing courtesy of Christopher DelCore of Corcoran Group.
7.4% Cap Rate - Free Market & Delivered Vacant Turn-key and meticulously maintained, 20 Avenue T is a fully renovated mixed-use property delivered vacant, offering immediate flexibility for investors or end users alike. The property features a ground-floor commercial space with direct access to a private backyard and full basement with 7'2" ceiling height. Above, two fully renovated, free-market one-bedroom apartments provide strong rental appeal and efficient layouts. With low operating expenses and high rental potential, the property projects to a cap rate over 7.35% upon stabilization. Updated building systems. All units direct metered. Positioned at the crossroads of Gravesend and Bensonhurst, the building sits on a quiet residential block just moments from the vibrant 86th Street commercial corridor. Transportation is exceptional: the D train at 25th Avenue/86th Street is just a half block away, the N train at Avenue T & West 9th Street is approximately a 6-minute walk, and the B1, B3, and B4 buses are all within a half block. Neighborhood highlights include nearby shopping, restaurants, and local favorites such as L&B Spumoni Gardens just two blocks away. A rare opportunity to acquire a fully vacant, income-producing asset in one of South Brooklyn's most established and transit-accessible neighborhoods.
4
3
1
2
Brooklyn
RLS20123286
2,318 Sqft
Gravesend
Building None
Pre-War Apartment
$416 (Monthly)
T, Yes - Other
1931
Yes
Walk-Up
1
2
1931
Rental Building
Yes
Gravesend
Brooklyn
Patio
T, Yes - Other
$416 (Monthly)
Other
Yes - Ductless
Yes
6
Total$8,017.01/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

Gravesend is a residential neighborhood in south-central Brooklyn with a long history dating to one of the earliest European settlements in the borough. The area features a mix of housing types…
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Last Updated: Nov 4, 2026 at 10:47 PM
RLS Data displayed by Brown Harris Stevens