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: 10
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: Elizabeth
Agent Phone: Cell: (516) 375-7081
Agency Title: Howard Hanna | Coach Realtors
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agency License Information: https://www.coachrealtors.com New York State Real Estate Broker Principal Office License Number: 10991237973
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 www.lizbreslinrealtor.com today.