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Bushwick Income Property For Sale

378 Central Ave, Brooklyn, NY 11221

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For Sale

$1,780,000

Four residential units plus two commercial spaces in Brooklyn.

Type:Investment

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.
Four Residential Units: Features four two‑bedroom railroad‑style apartments.
Two Commercial Spaces: Includes two commercial spaces, providing diversified income streams.
Excellent Location: Situated in the center of Bushwick with high walk, bike, and transit scores (Walk Score 82, Bike Score 70, Transit Score 84).

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Listing Contact

Dongyue Niu

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For Sale

$1,780,000

Four residential units plus two commercial spaces in Brooklyn.

Type:Investment

Added:: Apr 21, 2026
Days on Market:: 52
Last Refresh:: Apr 21 at 12:58 am

Property Features for 378 Central Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1931

We can help!

Listing Contact

Dongyue Niu

Listing agent Dongyue Niu License #10401282827

Listing office Landmark International Real Estate LLC

Listing date Apr 21, 2026

Source Elliman

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 LLC

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.
Four Residential Units: Features four two‑bedroom railroad‑style apartments.
Two Commercial Spaces: Includes two commercial spaces, providing diversified income streams.
Excellent Location: Situated in the center of Bushwick with high walk, bike, and transit scores (Walk Score 82, Bike Score 70, Transit Score 84).

Overview

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.

Location Intelligence

Current Use by Public Records

WIKID TATTOOS Tattoo & Piercing Shop D clary salón ... Hair Salon Ley Salon Hair Salon

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Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.918414
Latitude: 40.69397

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For sale
Apartment buildings
NY
Brooklyn
11221
378 Central Ave

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.