Bushwick Income Property For
378 Central Ave Brooklyn, NY 11221
For Sale
$1,780,000
Four residential units plus two commercial spaces in Brooklyn.
Days on Market97
Property Features for 378 Central Ave
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1931
Listing Agency:
Landmark International Real Estate
(347) 870-1239
Listed By:
Dongyue Niu · License #10401282827
(347) 870-1239
Source:
Elliman
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 21 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark International Real Estate
Investment Insights
Based on property information with market context.
Located in the center of Bushwick, this property features four two-bedroom railroad-style apartments and two commercial spaces. The property currently operates at a 7% capitalization rate, with the potential to reach 8.8%. The gross income is $162,000, with a net operating income of $124,794. Pro-forma income is projected at $192,000, with a net operating income of $154,794. The location is considered very bikeable, with a bike score of 70, and very walkable, with a walk score of 82. The transit score is 84, indicating excellent transit options.
Key Highlights
- High Income Potential: Current 7 CAP rate with potential to reach 8.8 CAP.
- Strong Net Operating Income: Current NOI of $124,794 with pro‑forma NOI of $154,794.
- Significant Gross Income: Current gross income of $162,000 with pro‑forma income of $192,000.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
WIKID TATTOOS
Tattoo & Piercing Shop
D clary salón ...
Hair Salon
Ley Salon
Hair Salon
FAQs
What type of property is this?
Apartment building - Four residential units plus two commercial spaces in Brooklyn.
Where is this apartment building located?
The property is located at 378 Central Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: High Income Potential: Current 7 CAP rate with potential to reach 8.8 CAP.; Strong Net Operating Income: Current NOI of $124,794 with pro‑forma NOI of $154,794.; Significant Gross Income: Current gross income of $162,000 with pro‑forma income of $192,000.
