# 196 Highlawn Avenue, Brooklyn, NY 11223 > **TL;DR:** commercial, $1,998,000, built 1931. > A/C. Est. $10,686/mo. Listed 6 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,998,000 | | Year Built | 1931 | | Lot Size | 1,821 sqft (0.04 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 6 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $10,103 | | Estimated Insurance | $583 | | **Total** | **$10,686** | ## Nearby Schools - **Elementary:** Ps 215 Morris H Weiss - **Middle:** Is 228 David A Boody ## Key Amenities - A/C ## Property Highlights - Built in 1931 - 0.04 acre lot - 2 stories - 1 parking spaces ## Description ### Agent Description Income-Producing Mixed-Use Property | Free-Market Rental Upside | Steps to Kings Highway N Train An attractive mixed-use investment opportunity in Brooklyn's established Gravesend neighborhood, ideally positioned just one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Offering approximately 3,200 SF of building space across two stories on a 1,820 SF lot, the property features three ground-floor commercial spaces and two second-floor residential apartments, currently generating approximately $120,459 in annualized gross rental income. The ground floor is occupied by a deli store, dental office, and thrift store, providing a diversified commercial tenant mix. The second floor features two free-market residential apartments, each configured with two bedrooms, a living area, kitchen, and bathroom. With all five units currently rented, the property offers an established rental income stream, while the free-market residential units provide potential for future rental growth and long-term investment upside. Additional features include a garage, five electric meters, and two gas meters, providing practical utility management and added convenience for long-term ownership. Situated near Kings Highway's established shopping and dining corridor, the property benefits from a convenient neighborhood setting with nearby restaurants, retail businesses, supermarkets, and local bus transportation. ## Location - **Address:** 196 Highlawn Avenue, Brooklyn, NY 11223 - **County:** Kings (Brooklyn) ## Listing Agent - **Name:** Li Li - **Brokerage:** B Square Realty - **Broker Phone:** (347) 628-8818 ## Photos ![196 Highlawn Avenue - Photo 1](http://lh.rdcpix.com/23565f63825931297d71d8e923b26876l-f4150229601r.jpg) ![196 Highlawn Avenue - Photo 2](http://lh.rdcpix.com/23565f63825931297d71d8e923b26876l-f1471402426r.jpg) ![196 Highlawn Avenue - Photo 3](http://lh.rdcpix.com/23565f63825931297d71d8e923b26876l-f1942076024r.jpg) ![196 Highlawn Avenue - Photo 4](http://lh.rdcpix.com/23565f63825931297d71d8e923b26876l-f3207237981r.jpg) ![196 Highlawn Avenue - Photo 5](http://lh.rdcpix.com/23565f63825931297d71d8e923b26876l-f708914430r.jpg) ![196 Highlawn Avenue - Photo 6](http://lh.rdcpix.com/23565f63825931297d71d8e923b26876l-f2608697688r.jpg) --- **MLS#:** 1067986 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/196-highlawn-avenue-brooklyn-ny-11223-a334d5c281d743c295a94d2c8780807a) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/196-highlawn-avenue-brooklyn-ny-11223-a334d5c281d743c295a94d2c8780807a#listing", "url": "https://www.propertysimple.ai/listing/196-highlawn-avenue-brooklyn-ny-11223-a334d5c281d743c295a94d2c8780807a", "name": "196 Highlawn Avenue, Brooklyn, NY 11223", "description": "Income-Producing Mixed-Use Property | Free-Market Rental Upside | Steps to Kings Highway N Train An attractive mixed-use investment opportunity in Brooklyn's established Gravesend neighborhood, ideally positioned just one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Offering approximately 3,200 SF of building space across two stories on a 1,820 SF lot, the property features three ground-floor commercial spaces and two second-floor residential apartments, currently generating approximately $120,459 in annualized gross rental income. The ground floor is occupied by a deli store, dental office, and thrift store, providing a diversified commercial tenant mix. The second floor features two free-market residential apartments, each configured with two bedrooms, a living area, kitchen, and bathroom. With all five units currently rented, the property offers an established rental income stream, while the free-market residential units provide potential for future rental growth and long-term investment upside. Additional features include a garage, five electric meters, and two gas meters, providing practical utility management and added convenience for long-term ownership. 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