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7420 20th Avenue, Brooklyn, NY 11204
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$1,299,000
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Home Details for 7420 20th Avenue
Price
$1,299,000
Type
other
Year Build
1931
Sq. Ft.
2400
Lot Size
0.04
County
Kings
Basement
Finished, Full
Tax
$9,230.6
MLS®️ Listing#
493734
On exitrealty.com
145 days
Property Description
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!
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- Heating Information
- Steam
- Electric
- Natural Gas
- Parking
- On Street
- None
- Basement
- Finished
- Full
Listing Courtesy: RE/MAX Edge - 718-612-3088
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright ©2025 Brooklyn MLS. All Rights Reserved.
Fair Housing Notice
Fair Housing NoticeLast Updated: 2025-11-13 15:02:21
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