$1,995,000
Updated 6 years ago
Off Market

7719 18th Ave

Bensonhurst, Brooklyn | 77th Street & 78th Street

3,539 Square FeetMixed Use

$1,995,000
floors / apts3 / 3
Lot Size19'5"x102'
Built Size19'5" wide
ZoneR5
Building TypeLow-Rise
RE Taxes$29,021
Price Per SF
$564

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 7719 18th Ave

Tremendous Investment Opportunity! This Large (3,500+ SQFT) Mixed-Use Property is Located on Highly Desirable 18th Avenue in the Heart of Bensonhurst. This 3-Story Mixed-Use Property (1 Commercial Unit + 3 Residential Units) is Zoned R-5 with a C2-2 Overlay. Situated on a 20x103 Lot, this Building also features a Full Basement and Large Backyard with Potential for Expansion (Check with Architect). This Property is truly the Investment Opportunity that Investors, Enterprising End-Users And 1031 Exchange Buyers have been searching for.. Prime Location + Possibility for Expansion. 1st Floor: Commercial Unit (20x60) with Access to Full Basement and Backyard (20x43)2nd Floor: Two 1-Bedroom Apartments3rd Floor: One 4-Bedroom Apartment

Listing History for 7719 18th Ave

Now
10/14/2020
TOM by Joseph P. Madaio
RE/MAX Edge
06/30/2020
$1,995,000
Initial Price by Joseph P. Madaio
RE/MAX Edge

Building Details for 7719 18th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

79 St
0.22 miles
18 Av
0.35 miles
20 Av
0.49 miles

Contact Agent

Contact Agent

Licensed As
Joseph P. Madaio
Broker
License#:
10491207129
Company:
RE/MAX Edge
Joseph Madaio
RE/MAX Edge

Bensonhurst | Brooklyn

Quick Profile

Bensonhurst is a densely populated residential neighborhood with a bustling business district in the southwest section of Brooklyn. It’s a storied neighborhood and is considered to be the most ethnically diverse neighborhood in New York City.

Technically, Bensonhurst doesn’t quite have the same clean-cut boundaries the way other neighborhoods do. It has an odd shape that intertwines with the surrounding communities of Bath Beach, Dyker Heights, Borough Park and Mapleton. The neighborhoods are sometimes mistaken for Bensonhurst and vice versa. It’s bordered by 14th Avenue, which is to the northwest, 60st Street and McDonald Avenue to the northeast, Avenue S to the southeast, and 86th Street to the southwest.

You won’t find that many luxury building developments in this neck of the woods either. Much of the Bensonhurst neighborhood still has that old Brooklyn charm. It’s architecture comprises co-ops, condos, single-family attached, semi-attached, fully-detached homes, and also multi-family homes. It’s a healthy mix of quiet residential blocks and bustling commercial thoroughfare, especially along 86th Street. Bensonhurst has many similarities to Bath Beach, it’s immediate neighbor to the south.

Bensonhurst was once part of New Utrecht, which was one of the original six towns within Kings County. It was later absorbed into what we know as modern day Brooklyn. It is named after the Benson family, who were farmers and landowners and controlled much of Bensonhurst and parts of Bath Beach.

In its early history, Bensonhurst was mostly Italian-Americans and Jewish immigrants. In recent years the neighborhood has seen many Chinese, Russian, Middle Eastern and Mexican residents who call Bensonhurst home.

Besides the ethnic enclaves residing in Bensonhurst, the neighborhood is also attracting younger residents and families. The cost of living is considerably less compared to other parts of Manhattan and Brooklyn. In 2019, the homeownership rate in Bensonhurst was 36.5%, higher than the citywide share of 31.9%.

The D, N, and F service Bensonhurst and will shoot you straight into Midtown Manhattan where bus lines service the rest of the borough.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 71033TH