Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
20 AVE T #BLDG
Interested in this property?
Active For Sale Rental

$1,695,000

$731 per sq ft

20 AVE T #BLDG

Gravesend, Brooklyn

MLS® #RLS20090841

RLS at REBNY

Listing by Corcoran Group

2

Bedrooms

2.5

Baths

2,318

Sq. Ft.

1931

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 2,318 sq ft
Year Built 1931
Ownership RentalBuilding
HOA/Common Charges $1/mo
Neighborhood Gravesend
Floor 2 of 2

Property Highlights

  • Views: Other
  • Outdoor Space: Patio
  • Style: WalkUp architecture

Property Details

Type Rental
Ownership Rental Building
Total Rooms 6
Baths 2 Full, 1 Half
Floor 2 of 2
View Other
Cooling Ductless
Pets Yes
Year Built 1931
Living Area 2,318 sq ft
Architectural Style WalkUp
Basement Other
Block/Lot 07092/0009

Listing History

Event Date Price Change
Listed Feb 26, 2026 $1,695,000 -
Currently May 13, 2026 $1,695,000 -

Description

6.5% Projected 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 6% upon stabilization.

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.

Please reach out directly for financial information, questions, or to schedule a tour.

Features & Amenities

Interior Features

Building None

Exterior Features

Private Outdoor Space Over60 Sqft Patio

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 2
Style WalkUp

Financial Details

Common Charges $1/mo

Gravesend offers a broad housing mix including semi-detached single-family homes, postwar co-op towers, and newly constructed boutique condominiums spread across a grid of low-traffic residential streets in southern Brooklyn. The D, F, and N subway lines serve the neighborhood at multiple stations along Kings Highway and Avenue U, connecting to Midtown Manhattan in about 45 minutes. Calvert Vaux Park provides 73 acres of green space and waterfront access along Coney Island Creek.

Gravesend Live Market Data

View Neighborhood

Active Listings

12

Median Asking Price

$477K

Median $/Sqft

$510

Avg Days on Market

N/A

New This Week

1

Price Reduced

42%

Sold (30 Days)

1

Median Sale Price

$381K

Live data from RLS at REBNY • Updated 5/13/26, 1:24 PM EST

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Location

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20 AVE T #BLDG, Gravesend, Kings County

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
2
Floors
1
Residential Units
R5B
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $85,740
Land Value: $9,480
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,750 SF
Building Area: 2,318 SF
Built FAR: 1.32
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 2,318 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1931, making it approximately 95 years old.

This listing is RentalBuilding

Pet policy requires confirmation with the listing broker.

At the current list price of $1,695,000 for 2,318 sq ft, the asking price per square foot is approximately $731. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20090841
First Listed: 5/13/2026
On Market: 2/26/2026
Price Changed: 5/13/2026
Contract Date: 2/26/2026

Listing Courtesy of Corcoran Group - Christopher DelCore

Listing Contact: (212) 721-4600

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/13/2026 at 5:24 PM UTC

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