$1,815,000
Updated 4 years ago
Sold

7023 20th Ave

Bensonhurst, Brooklyn | 70th Street & 71st Street

5,400 Square FeetMixed Use

$1,815,000
floors / apts3 / 4
Lot Size20'x100'
ZoneR5
Building TypeLow-Rise
RE Taxes$22,386
Price Per SF
$336

Building Amenities

  • Voice Intercom

Property Description for 7023 20th Ave

CALLING INVESTORS. Amazing 20th Ave renowned Location- Four Families and Two Stores. Mixed-Use Building. Use as a large Three Story Four Families over Two Stores & a Full-basement; Perfectly situated on a high traffic/high visibility, 20th Ave, In a sensation community- surrounded by all the most essential amenities... This awesome property is in excellent condition. The ground floor is a restaurant and an office. Second-floor front & Third Floor rear feature Full bath, 2-bedrooms, kitchen, & living room. Second-floor rear and Third-floor front feature 3-bedrooms, full bath, kitchen, & living room. An outstanding opportunity for any end-user business owner or ideal as a high-income investment property (Over 4% CAP)... Price is right and extremely competitive for today's active market- There will surely be plenty of excitement & buyer enthusiasm surrounding this almost too good to be true building... Don't miss your chance to WIN a truly prized piece of real estate; In one of Brooklyn's most sought-after neighborhoods...

Listing History for 7023 20th Ave

Now
07/28/2022
Sold and Closed by Kevin Lam
Momentum Real Estate
05/25/2022
Contract Signed by Kevin Lam
Momentum Real Estate

Building Details for 7023 20th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1928
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

20 Av
0.37 miles
Bay Pkwy
0.39 miles

Contact Agent

Contact Agent

Kevin Lam
Momentum Real Estate

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: 68589TH