$1,499,000

172 Highlawn Ave Brooklyn, NY 11223

Gravesend Neighborhood

Estimated payment $8,905/month

Total Views 2,077
-- Bed
-- Bath
2,560 Sq Ft
$586 Price per Sq Ft

Highlights

  • Tile Flooring
  • 2-minute walk to Kings Highway (N Line)
  • Back Yard
  • P.S. 215 Morris H Weiss Rated A-
  • Heating System Uses Steam

About This Home

This mixed-use property presents a unique investment opportunity, featuring both commercial and residential spaces. The property is situated on a 20x64 house with a 20x100 lot, providing ample space for versatile use. The ground floor is ideal for a storefront, while the second floor offers one apartment two bedrooms and one apartment one bedroom, adding steady rental income potential. This combination of commercial and residential space makes it a great option for those looking to diversify their portfolio with both income-generating opportunities.

Listing Agent

Hang Chen

RE/MAX Real Estate Professionals License #10401288321 Listed on: 02/25/2025

RE/MAX Real Estate Professionals

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,031

Year Built

  • Built in 1925

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard
  • Property is zoned R5B

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6674

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,000
  • Insurance Expense $5,500
  • Utility Expense $200
  • Gross Income $106,800

Property Details

Property Type

Other

Est. Annual Taxes

$9,031

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1280
  • Building Length: 64.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: West 7th St
  • Cross Street Name2: West 6th St
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2560
  • Building Stories: 2
  • Street Name I D X: Highlawn
  • Street Number I D X: 172
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Other
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Other
  • Foundation Details: Poured Concrete
  • Lot Number: 2
  • Roof: Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5B

Multi Family

  • Annual Gross Expense: 17931.00
  • Annual Gross Income: 106800
  • Insurance Expense: 5500.00
  • Unit Count: 3
  • Annual Utility Expenses: 200.00

Tax Info

  • Flip Tax Amount: 9031.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,031 $73,680 $16,080 $57,600
2024 $9,031 $76,020 $16,080 $59,940
2023 $8,615 $79,800 $16,080 $63,720
2022 $8,334 $75,420 $16,080 $59,340
2021 $8,672 $67,680 $16,080 $51,600
2020 $4,155 $71,160 $16,080 $55,080
2019 $7,839 $74,520 $16,080 $58,440
2018 $7,206 $35,352 $9,154 $26,198
2017 $7,118 $34,920 $9,698 $25,222
2016 $6,864 $34,338 $11,446 $22,892
2015 $3,973 $33,100 $12,547 $20,553
2014 $3,973 $31,227 $14,208 $17,019
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $1,499,000 -- $586 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 489456

Brooklyn Board of REALTORS®

APN: 06674-0002

New York Kings County Brooklyn 11223 Gravesend

172 Highlawn Ave, Brooklyn, NY

This home is located at 172 Highlawn Ave, Brooklyn, NY 11223 and is currently priced at $1,499,000, approximately $585 per square foot. This property was built in 1925. 172 Highlawn Ave is a home located in Kings County with nearby schools including P.S. 215 Morris H Weiss, Is 228 David A Boody, and Hebrew Language Academy Charter 2.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Listing Agent
Hang Chen
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RE/MAX Real Estate Professionals
(929) 460-8146