Esteban Cardona

196 Lawrence Avenue, Brooklyn, NY 11230

$1,550,000
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Esteban Cardona
Call: (631) 839-5174
Text: (631) 839-5174

New to the Market
BEDS0 BATHS MLS#1059104
STATUSActive PROPERTY TYPECommercial - SCHOOLBrooklyn 22
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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 buildingAir rights to add aditional floor and a half.

196 Lawrence Avenue | MLS# 1059104

This commercial property located at 196 Lawrence Avenue, Brooklyn, NY 11230 is currently listed for sale with an asking price of $1,550,000. Lawrence Avenue is located within the Brooklyn 22 school district. Search Brooklyn real estate on estebancardona.laffey.com today.

Property Features

Property Type: Commercial -
Basement: Yes
Basement: Finished, Walk-Out Access
Cooling: Wall/Window Unit(s)
Heating: Steam
Lot Size: 0.05 Acres
Taxes: $17,739
Year Built: 1931

Feature Descriptions

Building Area Total: 5006
Days on Site: 2
Exterior: Brick
On Market Date: 2026-10-07
Parcel Number: 05423-0041
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Water: Public

Local Schools

School District: Brooklyn 22

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Preferred Communication Method

Listed By / Shown By

Listing By

Agency Name: Keller Williams Valley Realty
Agency Phone: 201-391-2500

Shown By

Agent Name: Esteban Cardona
Agent Phone: (631) 839-5174
Agency Title: Laffey Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/09/2026. The listing information on this page last changed on 10/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 10/09/2026 12:00:52 AM EST) or OneKey MLS (last updated Thu 10/08/2026 11:53:25 PM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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