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7420 20th Avenue, Brooklyn, New York, 11204

$1,299,000

0

Beds

Bathrooms

2,400

Building Sqft

0.04

Acres

1,600

Lot Sqft

About 7420 20th Avenue

PRIME MIXED-USE GEM IN THE HEART OF THE BEDSONHURST! FULLY RENOVATED WITH IMMEDIATE RENTAL INCOME!
Welcome to this fully updated mixed-use property—an exceptional investment opportunity featuring a ground-level commercial storefront and an upper-level residential unit, both generating immediate rental income. EACH TENANT IS RESPONSIBLE FOR THEIR OWN UTILITIES, ENSURING LOW OPERATING COSTS FOR THE OWNER.The first floor measures 20′ x 75′, with the second floor at 20′ x 45′, on a 20′ x 80′ lot. Annual property taxes are impressively low at just $9,230.60.
The first floor is occupied by a well-established nail salon that has successfully operated for over 15 years.
The second-floor residential unit features a spacious three-bedroom layout, complete with a granite tiled bathroom, a formal dining room, and a bright, comfortable living room. Modern upgrades include radiant floor heating and central A/C, ensuring year-round comfort.
A fully finished basement with high ceilings offers additional functional space—ideal for storage, recreation, or flexible use. Tenants pay their own utilities, and the property has been meticulously renovated from top to bottom. It’s truly move-in ready and already generating reliable rental income.
Additionally, under the new “City of Yes” zoning initiative, there may be potential for vertical expansion or horizontal expansion to second floor. Buyers are encouraged to consult with an architect for further details and possibilities.
Don’t miss this rare opportunity to own a income-generating property. Schedule your private showing today!

Features of 7420 20th Avenue

MLS® #
493734
Acres
0.04
Type
Mixed Use
Price
$1,299,000
Square Footage
2,400
Year Built
1931
Sub-Type
Mixed Use

Community Information

Address
7420 20th Avenue
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11204

Listing Information

Agent Name
Renzhang Danny Dong
Agent Office
RE/MAX Edge

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(718) 987-7900