7201 20th Ave Brooklyn, NY 11204
Bensonhurst NeighborhoodEstimated payment $17,710/month
About This Home
Presenting a rare opportunity to acquire a fully free-market, income-producing mixed-use property in the heart of Bensonhurst. This well-maintained building features five spacious residential units, each configured as 2-bedroom apartments, along with one ground-floor retail space, offering strong and diversified income potential. Each residential unit is generously sized, providing comfortable layouts that appeal to long-term tenants. All apartments are free market, allowing for continued rental growth and flexibility. Tenants are responsible for their own heat, electricity, and cooking gas, significantly reducing owner expenses and increasing net operating income. The property has been thoughtfully updated with brand new boilers and individual hot water heaters for each unit, ensuring efficiency, reliability, and reduced maintenance concerns for years to come. With a gross cap rate of 6.3% and a net cap rate of 4.3%, this asset presents a solid return in one of Brooklyn’s most established and high-demand neighborhoods. Located on a busy corridor along 20th Avenue, the property benefits from excellent foot traffic, strong retail visibility, and convenient access to transportation, shopping, and dining—making it highly attractive for both residential and commercial tenants. This property offers a compelling combination of stable income, upside potential, and prime Brooklyn location.
Property Details
Property Type
- Other
Est. Annual Taxes
- $36,349
Year Built
- Built in 1927
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Property is zoned R5
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
- Asphalt Roof
Interior Spaces
- 5,400 Sq Ft Home
- 3-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Utilities
- Baseboard Heating
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6196
Community Details
Overview
- 5 Units
Building Details
- Insurance Expense $7,000
- Utility Expense $1,000
- Gross Income $198,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $36,708 | $597,150 | $19,800 | $577,350 |
| 2025 | $34,140 | $497,700 | $19,800 | $477,900 |
| 2024 | $34,140 | $414,720 | $19,800 | $394,920 |
| 2023 | $31,020 | $345,600 | $19,800 | $325,800 |
| 2022 | $29,849 | $432,000 | $19,800 | $412,200 |
| 2021 | $27,710 | $398,250 | $19,800 | $378,450 |
| 2019 | $26,492 | $440,550 | $19,800 | $420,750 |
| 2018 | $24,741 | $194,519 | $9,660 | $184,859 |
| 2017 | $23,869 | $187,664 | $10,426 | $177,238 |
| 2016 | $22,402 | $173,763 | $10,648 | $163,115 |
| 2015 | $14,544 | $173,763 | $10,531 | $163,232 |
| 2014 | $14,544 | $161,583 | $11,751 | $149,832 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/08/2026 04/08/26 | For Sale | $2,750,000 | -- | $509 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 500312
APN: 06196-0010
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Ask me questions while you tour the home.