BrynaStarobin
BEDS0
BATHS
MLS#1059104
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 22
Property Description
Excellent investment opportunity at 196 Lawrence Street! Recently renovated six unit property generating approximately $144,000 in annual income, with approximately $40,000 in annual expenses. Features a finished basement with walk-in access and windows. Well-maintained, income-producing property offering strong cash flow and excellent investment potential. A great opportunity for investors. New leases for 2 years in place Ownerf iling to remove the DHCR and rent controll on the buildingAir rights to add aditional floor and a half.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Finished, Walk-Out Access
Cooling: Wall/Window Unit(s)
Heating: Steam
Lot Size: 0.05 Acres
Taxes: $17,739
Year Built: 1931
Feature Descriptions
Building Area Total: 5006
Days on Site: 1
Exterior: Brick
On Market Date: 2026-10-07
Parcel Number: 05423-0041
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Water: Public
Local Schools
School District: Brooklyn 22
Listed By / Shown By
Listing By
Agency Name: Keller Williams Valley Realty
Agency Phone: 201-391-2500
Shown By
Agent Name: Bryna Starobin
Agent Phone: Cell: (631) 680-9406
Agency Title: Howard Hanna | Coach Realtors
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196 Lawrence Avenue | MLS# 1059104
This commercial property located at 196 Lawrence Avenue, Brooklyn, NY 11230 is currently listed for sale with an asking price of $1,550,000. Lawrence Avenue is located within the Brooklyn 22 school district. Search Brooklyn real estate on bstarobin.coachrealtors.com today.