Mixed-Use Property with
For Sale
$1,888,888
378 Central Avenue, Brooklyn, NY 11221
Residential Income, Brooklyn, NY
Property Size4,125 SF
Lot Size0.06 Acres
Price / SF$457.91
Days on Market93
Property Features for 378 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 8, Bedroom 7, Bedroom 6, Basement
Parking features
On Street
Basement
Full, Finished
Elementary school
Ps 377 Alejandrina B De Gautier
Middle school
Jhs 291 Roland Hayes
High school
Contact Agent
Elementary school district
Brooklyn 32
Middle school district
Brooklyn 32
High school district
Contact Agent
Standard status
Active
APN
03332-0035
Lot size
0.06 Acres
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11668
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
fully finished basement with 4 separate storage rooms
Building Details
Year built
1931
Number of units
4
Building materials
Frame
Buildings
1
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li
(347) 885-8668
Added: Jul 29
Changed: Oct 28
Last Checked: Oct 29 at 3:06PM
MLS# 1031849
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1931, this frame mixed-use building combines two storefronts with four residential units across approximately 4,125 square feet of interior space. The property occupies a 25 ft x 100 ft lot and includes a 25 ft x 55 ft building footprint. A fully finished basement provides four separate storage rooms. R6 zoning, public water, and public sewer support the existing configuration, while natural gas heat and window or wall/window cooling are in place.
Located at 378 Central Avenue in Brooklyn, the property is near the L and M subway lines, with access toward Manhattan and other parts of Brooklyn. Parking is available on the street. The four-family component can be delivered vacant, providing flexibility for future occupancy or repositioning.
Located at 378 Central Avenue in Brooklyn, the property is near the L and M subway lines, with access toward Manhattan and other parts of Brooklyn. Parking is available on the street. The four-family component can be delivered vacant, providing flexibility for future occupancy or repositioning.
Key Highlights
- Two storefronts and 4 residential units
- Approximately 4,125 sq ft of total interior space
- 25 ft x 100 ft lot with a 25 ft x 55 ft building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,738
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,760
$3.0M
Cap Rate 7%
$2,139,114
$2.1M
Cap Rate 9%
$1,663,756
$1.7M
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$272.3K $66.00/SF
− Vacancy
−$32.7K −$7.92/SF
EGI
$239.6K $58.08/SF
− OpEx
−$89.8K −$21.78/SF
NOI
$149.7K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,760
Cap Rate 7%
$2,139,114
Cap Rate 9%
$1,663,756
Alternative Uses
Best Use
Retail
$2.83M
$2.47M – $3.30M
NOI $197,813 @ 7.0% cap · market cap 10.47%
Second Best
Mixed Use
$2.14M
$1.87M – $2.50M
NOI $149,738 @ 7.0% cap · market cap 7.93%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.98M
NOI $239,085 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,577
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two storefronts and four residential units create a flexible mixed-use configuration with finished basement storage.
Where is this mixed-use property located?
The property is located at 378 Central Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,888.
What are key features of this property?
This property features: Two storefronts and 4 residential units; Approximately 4,125 sq ft of total interior space; 25 ft x 100 ft lot with a 25 ft x 55 ft building
