$1,550,000

196 Lawrence Avenue, Brooklyn, NY 11230

5,006 sqft

Multi-Family Home
Built in 1931
2,352sqft lot
—— car garage
$310/sqft
Listed 2 days ago

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 building Air rights to add aditional floor and a half.

Listing Status:: Active
Data Last Updated:: October 8, 2026 at 5:22AM
Listing Office:: Keller Williams Valley Realty : 201-391-2500
MLS ID:: 1059104

Basement: FinishedWalk-Out Access
A/C: Wall/Window Unit(s)
Heating: Steam

Parking: None

Originating MLS: onekey2
School District: Brooklyn 22
County: Kings (Brooklyn)

Zoning: R7A05423-0041

Utilities: Electricity ConnectedNatural Gas ConnectedWater Connected
Water: Public
Sewer: Public Sewer

Source: onekey2

This listing courtesy of Keller Williams Valley Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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