20 AVE T BLDG
$1,450,000
MLS# RLS20123286 · Gravesend
Listed October 29, 2026 · New today
2 Beds 3 Baths 2,318 Sq.Ft.
About This Property
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.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Corcoran Group.
The ground floor is commercial space with direct access to a private backyard, and the full basement has a ceiling height of 7 feet 2 inches. The residential units sit above, and the listing describes them as fully renovated.
A private yard is worth a close look in the city, since outdoor space is one of the things buyers and renters ask about first. The listing shows private outdoor space over 60 square feet and a patio, and it's worth seeing how the backyard connects to the ground-floor space before you decide how you'd use it.
Cooling is ductless, all units are direct metered, and the building systems have been updated. Those are practical details to confirm with your own review of the building.
For getting around, the D train at 25 Av is about 3 minutes on foot and the N at Avenue U is about 8 minutes. Police Officer John G. Scarangella Park is about 4 minutes away, and Sea Land Seafood & Meat Market is about 3 minutes for groceries. L&B Spumoni Gardens is about 7 minutes away.
Pets are allowed.
Quick answers+
Is there private outdoor space?
Yes. The listing shows private outdoor space over 60 square feet, a patio, and direct access from the ground floor to a private backyard.
Is there ductless cooling?
Yes. The home has ductless cooling.
Are pets allowed?
Yes. Pets are allowed.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
Home features
- Ductless cooling
- View
- Private outdoor space (over 60 sq ft)
- Patio
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$7,332 / month
- Principal and interest$7,332
Due at closing
- Down payment (20%)$290,000
- NYS “mansion tax” (1%)$14,500
- Mortgage recording tax (1.925%)$22,330
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Gallery
Property Photos
Listing Courtesy of Corcoran Group
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.