$2,050,000
Updated 4 years ago
Sold

6702 20th Ave

Bensonhurst, Brooklyn | 68th Street & 67th Street

3,849 Square FeetMixed Use

$2,050,000
floors / apts2 / 3
Lot Size35'x100'
ZoneR5
Building TypeLow-Rise
RE Taxes$10,500
Price Per SF
$533

This property was sold for $2,050,000 on 12/20/22.

Outdoor space and views

  • Backyard
  • Balcony

Building Amenities

  • Garage

Property Description for 6702 20th Ave

=====OPEN HOUSE BY APPOINEMNT ONLY===== Prime Corner HIGH Visibility 67 Street & 20 Avenue Retail strip across post office! Well maintained legal 2 Store & newly renovated 3 family Market residential (3 bedrooms each back apt. 2 with 1 1/2 bath are currently vacant & newly renovated! Back 1st floor 3rd bed. has private backyard & back 2nd floor has huge private balconyl) with 4 car garage (can be each rented for $ 1,000 a month or converted to retail or storage) & 3 separate full basement! New modern Eat in kitchen + bathrooms, exterior & much more! Full basement easily can be finished! Address also known as 6700-6702-6704 20th Ave/1974-1984 67th St GARAGE! 35 ft wide & 55 ft building on 35 x 100 lot zoning R5, C1-2 additional 525 unused FAR space can be built on top of garage or back! Private enclosed backyard! Currently Total Gross income $147,480.00 per year Expense $ 24,000.00 (Currently 5% plus) with owner use all 4 garages- Projected Gross income $ 169,200 yearly + $ 4,800 yr parking= $ 174,000.00 Gross income- 6% cap projected rate! Near subway N train 20 Avenue, shopping, restaurant & much more! New sidewalk soon!

Listing History for 6702 20th Ave

Now
12/20/2022
$2,050,000
Sold and Closed by Jean-Paul Ho
Brooklyn Real Property Inc.
06/13/2022
Contract Signed by Jean-Paul Ho
Brooklyn Real Property Inc.

Building Details for 6702 20th Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts2/3
Learn More About the Building

Contact Agents

Contact Agents

Jean-Paul Ho
Brooklyn Real Property Inc.
Siu Yee Shum
Brooklyn Real Property Inc.

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: 85013TH