7420 20th Ave Brooklyn, NY 11204
Bensonhurst NeighborhoodEstimated payment $7,555/month
Highlights
- Wood Flooring
- Multiple cooling system units
- Masonry wall
- Brick Front
- Heating System Uses Steam
About This Home
PRIME MIXED-USE GEM IN THE HEART OF THE BEDSONHURST! FULLY RENOVATED WITH IMMEDIATE RENTAL INCOME!
Welcome to this fully updated mixed-use property—an exceptional investment opportunity featuring a ground-level commercial storefront and an upper-level residential unit, both generating immediate rental income. EACH TENANT IS RESPONSIBLE FOR THEIR OWN UTILITIES, ENSURING LOW OPERATING COSTS FOR THE OWNER.The first floor measures 20' x 75', with the second floor at 20' x 45', on a 20' x 80' lot. Annual property taxes are impressively low at just $9,230.60.
The first floor is occupied by a well-established nail salon that has successfully operated for over 15 years. The second-floor residential unit features a spacious three-bedroom layout, complete with a granite tiled bathroom, a formal dining room, and a bright, comfortable living room. Modern upgrades include radiant floor heating and central A/C, ensuring year-round comfort. A fully finished basement with high ceilings offers additional functional space—ideal for storage, recreation, or flexible use. Tenants pay their own utilities, and the property has been meticulously renovated from top to bottom. It’s truly move-in ready and already generating reliable rental income. Additionally, under the new “City of Yes” zoning initiative, there may be potential for vertical expansion or horizontal expansion to second floor. Buyers are encouraged to consult with an architect for further details and possibilities. Don’t miss this rare opportunity to own a income-generating property. Schedule your private showing today!
Property Details
Property Type
- Other
Est. Annual Taxes
- $9,231
Year Built
- Built in 1931
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 20x80
- Masonry wall
- Property is zoned R5
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Poured Concrete
- Brick Front
Interior Spaces
- 2,400 Sq Ft Home
- 2-Story Property
- Sheet Rock Walls or Ceilings
- Ceiling height between 8 to 10 feet
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Utilities
- Multiple cooling system units
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Community Details
- Insurance Expense $2,000
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 |
|---|---|---|---|---|
| 2025 | $8,770 | $85,950 | $28,800 | $57,150 |
| 2024 | $8,770 | $82,800 | $28,800 | $54,000 |
| 2023 | $9,294 | $87,300 | $28,800 | $58,500 |
| 2022 | $9,629 | $90,450 | $28,800 | $61,650 |
| 2021 | $8,807 | $82,350 | $28,800 | $53,550 |
| 2020 | $9,411 | $95,850 | $28,800 | $67,050 |
| 2019 | $9,240 | $94,050 | $28,800 | $65,250 |
| 2018 | $8,720 | $97,650 | $28,800 | $68,850 |
| 2017 | $8,157 | $100,800 | $28,800 | $72,000 |
| 2016 | $7,375 | $79,200 | $28,800 | $50,400 |
| 2015 | $4,694 | $72,900 | $28,800 | $44,100 |
| 2014 | $4,694 | $69,300 | $28,800 | $40,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $1,299,000 | -- | $541 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Bargain Sale Deed | $255,000 | -- | |
| Bargain Sale Deed | $255,000 | -- | |
| Deed | $240,000 | Chicago Title Insurance Co | |
| Deed | $240,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $100,000 | Seller Take Back |
Source: Brooklyn Board of REALTORS®
MLS Number: 493734
APN: 06217-0043
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