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$1,424,625
List Price: $1,450,000
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20 Avenue T #BLDG

Apartment in Gravesend •  building info
2bd • 2.5ba • 2,318ft² • $626 per ft²
Buy with Yoreevo

$1,424,625

List Price

$1,450,000

Key Details
Days on market
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Last price change
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Estimated payment
$8,248/mo
Taxes
N/A
Maintenance
N/A
Description
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.

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Building amenities
Services and facilities
Fios Available
Shared outdoor space
Patio
Building info
History
What it'll cost
Purchase price
$1,450,000
Asking Price: $1,450,000
Term
30 Years
Down Payment
$145,000 (10%)
Min: 10% (145,000)
Rate
6.5 %
Mortgage Amount
$1,305,000
Mortgage Payment
$8,248
Estimated Yoreevo rebate
$25,375
Estimated closing cost
$23,000
Total monthly cost $8,248
Buy your dream home with us and get an estimated
$25,375 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Corcoran Group

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