$1,550,000
( $309.63Per Sq Foot )
 $8,321 est/mo Sourced by Back At You

196 Lawrence Avenue,Brooklyn, NY 11230

Brooklyn, NY 11230

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Description

Excellent investment opportunity at 196 Lawrence Street! Recently renovated six unit property generating approximately $144,000 in annual income, with approximately $40,000 in annual expenses. Features a finished basement with walk-in access and windows. Well-maintained, income-producing property offering strong cash flow and excellent investment potential. A great opportunity for investors. New leases for 2 years in place Ownerf iling to remove the DHCR and rent controll on the buildingAir rights to add aditional floor and a half.

Details

MLS #1059104
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1931
Days On Site28
Listing Provided ByKeller Williams Valley Realty | Eidel Moses

Features

SQ Feet5,006
BasementY
Units6
ZoningR7A
Acreage0.05

Interior

CoolingWall/Window Unit(s)
HeatingSteam

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesNone

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Assessed Value515250
Tax Annual Amount17739.4

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11230
Listing VS Median (in 11230)
Price:
$1,550,000
low | high
Med:
$549,000
100% of Average
sqft:
5,006
low | high
Med:
1,100
100% of Average
$ / sqft:
$310
low | high
Med:
$499
11.190263929619% of Average
On site:
28
low | high
Med:
250
11.2% of Average
Sourced by Back At You

Market Activity 11230

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Learn More About This Property

Newburgh Office

Newburgh Office

 (845) 565-2800info@johnjleaserealtors.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11230
Listing VS Median (in 11230)
Price:
$1,550,000
low | high
Med:
$549,000
100% of Average
sqft:
5,006
low | high
Med:
1,100
100% of Average
$ / sqft:
$310
low | high
Med:
$499
11.190263929619% of Average
On site:
28
low | high
Med:
250
11.2% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.162M - $1.937M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
253 NEWKIRK Avenue Property Photo 1
$1,800,000
253 Newkirk Avenue
Brooklyn, NY 11230
765 E 9th Street Property Photo 1
$1,279,000
765 E 9th Street
Brooklyn, NY 11230
Listing Updated: October 7, 2026 at 12:24:02 PM PDT
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