5,006 sqft

$1,550,000

196 Lawrence Avenue, Brooklyn NY, 11230

Price per sqft$309.63

Built in1931

Property size5,006 sqft

Property typeCommercial

Courtesy of Keller Williams Valley Realty, Eidel Moses Listing Contact: 845-323-9308

Overview

Active

Listed Oct 7, 2026

Updated 21h ago

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 building Air rights to add aditional floor and a half.

Additional information

MLS^® ID: 1059104

Interior Features

Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.05 Acres

Other Property Details

Taxes: $17,739
Tax Frequency: Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 6:59 AM UTC on 10/8/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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