Mixed-Use Building with
For Sale
Contact for pricing
368 Central Avenue, Brooklyn, NY 11221
Five-unit mixed-use property with two street-level retail spaces and all residential units vacant for straightforward repositioning.
Property Size4,875 SF
Price / SF$328.21
Days on Market118
Property Features for 368 Central Avenue
General Information
Standard status
Active
Size
4,875 SF
Property subtype
Mixed Use, Multifamily, Retail
Zoning
R6
Occupancy
28%
Investment Type
Value Add
Additional Details
Multifamily Units
5
Building Details
Year Built
1931
Stories
3
Tenancy
Multi
Listing Agency:
Cushman & Wakefield New York
Listed By:
Dylan Walsh · License #10401384207
(718) 307-6517
Source:
Crexi
Added: Jun 9
Changed: Sep 29
Last Checked: Oct 4 at 9:12AM
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 Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
The property at 368 Central Avenue is a mixed-use building with 4,875 SF of built space, comprised of five residential units and two retail spaces. The residential component includes four two-bedroom, one-bath units and one studio unit. At closing, the building will be delivered with all five residential units vacant. Both retail spaces are currently occupied by a salon and a barber shop on month-to-month leases, and the spaces can be delivered vacant for an end-user or a pocket tenant.
The asset is located at 368 Central Avenue in Bushwick, Brooklyn. The property benefits from protected tax class 2B status. Zoning is R6, which supports 5,500 buildable square feet as-of-right, and up to 9,750 square feet with the UAP bonus.
For buyers or operators seeking a combined residential and retail setup, this structure offers flexibility in tenanting given the vacant residential delivery and the month-to-month retail occupancy. With the zoning framework in place for additional buildable square feet, it can also appeal to buyers evaluating redevelopment or expansion scenarios consistent with the stated right-and-bonus parameters.
The asset is located at 368 Central Avenue in Bushwick, Brooklyn. The property benefits from protected tax class 2B status. Zoning is R6, which supports 5,500 buildable square feet as-of-right, and up to 9,750 square feet with the UAP bonus.
For buyers or operators seeking a combined residential and retail setup, this structure offers flexibility in tenanting given the vacant residential delivery and the month-to-month retail occupancy. With the zoning framework in place for additional buildable square feet, it can also appeal to buyers evaluating redevelopment or expansion scenarios consistent with the stated right-and-bonus parameters.
Key Highlights
- 5‑unit mixed‑use building with 4,875 SF total built space (year built 1931)
- All 5 residential units will be vacant at closing for straightforward repositioning
- Residential mix: four 2BD/1BA apartments plus one studio unit
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
5,068
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit mixed-use property with two street-level retail spaces and all residential units vacant for straightforward repositioning.
Where is this mixed-use property located?
The property is located at 368 Central Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5‑unit mixed‑use building with 4,875 SF total built space (year built 1931); All 5 residential units will be vacant at closing for straightforward repositioning; Residential mix: four 2BD/1BA apartments plus one studio unit
